Following agreement by both Houses of Parliament on the text of the Tenant Fees Bill it received Royal Assent on 12 February. The Bill is now an Act of Parliament and known as the Tenant Fees Act 2019.
The Tenant Fees Act outlines the Government’s approach to banning letting fees paid by tenants in the private rented sector and capping tenancy deposits.
The ban on tenant fees comes into force on 1 June 2019. Find out more via ARLA Propertymark’s Tenant Fees Toolkit.
Read more...
On 15 May 2019, the Renting Homes (Fees etc) (Wales) Bill received Royal Assent, it has now passed into law and is an Act. The Act permits letting agents and landlords to only charge fees relating to rent, security deposits, holding deposits, or when a tenant breaches a contract. The ban on fees will commence on 1 September 2019.
To find out more about the new law attend one of our Regional Meetings. The North Wales Regional Meeting takes place on 10 June with spaces filling up fast, make sure to book your place.
Propertymark is developing guidance to support members in Wales, this will be subject to final guidance from the Welsh Assembly and will be available soon.