The Tenant Fees Act came into force on 1 June 2019.
Both Agents and Landlords have been banned from charging Tenant"s fees except for "permitted payments" which include the following :
• Tenancy Deposits maximum is set at five weeks" rent (annual rent under £50"000)
• Tenancy Deposits maximum is set at six weeks rent (annual rent over £50"000)
• Holding Deposits are capped at one week"s rent
• Changes to the tenancy requested by the Tenant are capped at £50 unless the Landlord can demonstrate greater costs were incurred.... Read More