News

Tenant Fees Act 2019

 

No more Admin fees but find below the fees still chargeable to tenants Under Tenant Fees Act 2019

 

a) The rent

 

b) A refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above

 

c) A refundable holding deposit (to reserve a property) capped at no more than one week’s rent

 

d) Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher

 

e) Payments associated with early termination of the tenancy, when requested by the tenant

 

f) Payments in respect of utilities, communication services, TV licence and council tax; and

 

g) A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement

Reference:- GOV.UK

Watershed Property

01.06.19

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