New guidance for landlords and letting agents has been released by the government.
As of the 1st June 2019 the Tenant Fee Act will come into place and landlords/agents will no longer be able to charge fees for numerous things. As well as a ban on letting fees it also inlcudes most fees that can currently be charged during the tenancy.
As well as a ban on fees, security deposits are also going to be capped at five weeks rent and holding deposits are going to be capped at 1 weeks rent.
The introduction of the ban has been initiated to make it fairer and more affordable for tenants.
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