Brokenshire Heralds New Law Protecting Tenants From Unfair Letting Fees

Tenants will be protected from unfair letting fees and will see their tenancy deposits capped at 5 weeks’ rent thanks to a new law.  Unexpected letting fees and high deposits can make properties harder for people to afford and are often not clearly explained upfront – leaving many prospective tenants unaware of the true costs of renting a property. The Tenant Fees Bill, which has received Royal Assent, puts an end to costly fees imposed by landlords or agents – with the ban on fees to come into effect from 1 June. It is expected to save tenants across England at least £240 million a year, or up to £70 per household. Read more on the MHCLG website.

https://www.gov.uk/government/news/james-brokenshire-heralds-new-law-protecting-tenants-from-unfair-letting-fees