Latest News

Ex-Housing Minister calls for changes to landlords Capital Gains Tax

18 April 2019

Former Housing Minister, Dominic Raab has called for Capital Gains Tax (CGT) for landlords to be scrapped on properties up to £35,000 where they have sold the property on to a sitting tenant. Read More...

Bristol City Council to lead on lettings enforcement

18 April 2019

Bristol City Council has been announced as the Lead Enforcement Authority for letting agents operating in England. The new Lead Enforcement Authority follows its counterpart for UK-wide estate agency, which is headed by Powys County Council. Read More...

Government consult on extending AML rules to lettings

16 April 2019

On 15 April 2019, the UK Government launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Read More...

How landlords can comply with licensing schemes

16 April 2019

The Private Rental Sector (PRS) is undergoing a revolution. Key to this sector are Houses in Multiple Occupation (HMOs): properties with 3 or more people, forming 2 or more households. HMOs often have the potential to generate higher yields for landlords than standard single dwellings and as such attract investors into the sector. They can also offer more affordable accommodation to tenants than single bed flats or studios thereby serving an important role in the PRS. Read More...

Government plans to abolish Section 21

15 April 2019

Today, the UK Government has announced plans to consult on new legislation to abolish Section 21 evictions – so called ‘no-fault’ evictions in England. This will effectively create open-ended tenancies, and lead to what the Government believe will be more effective means of getting their property back when they genuinely need to do so. Read More...

Tenant Fees Act 2019 Guidance and Toolkit released

Tuesday 02 April 2019

Guidance for landlords and letting agents released by the Government and a Tenant Fees Toolkit launched by ARLA Propertymark.

The Act is in place to prohibit landlords and letting agents from asking tenants for certain payments to be made or certain other steps to be taken. The guidance has been published to help inform agents and landlords of their rights and obligations under the legislation. Separate guidance for tenants, landlords, letting agents and local authority enforcement officers can be found on gov.uk.

A Tenant Fees Toolkit for members, launched during ARLA Propertymark’s Annual Conference, which includes factsheets and template documents to help members prepare for when the Tenant Fees Act comes into effect on 1 June 2019.

David Cox, Chief Executive, ARLA Propertymark said: “We have launched a Tenant Fees Toolkit which is available to all ARLA Propertymark members which will help them comply with the ban; giving them practical tools and materials to operate in a post-tenant-fees world. With less than 40 working days to go until the ban comes into effect, agents need to ensure they’re compliant with the law, and both landlords and tenants understand what it means for them.”

More help to come

Once the Government’s Guidance has been digested, a fact sheet for landlords on why their costs are changing and answers to more than 100 frequently asked questions will be added. If further clarity is needed, there may also be Assured Advice from Propertymark’s Primary Authority.

Propertymark helping the industry

The Tenant Fees Toolkit, which is available to all ARLA Propertymark members from today, 2 April, contains:

  • ten factsheets covering all aspects of the ban
  • a series of 18 short films looking at specific issues
  • a simple Tenant Guide
  • a case study from a Scottish letting agent looking at how they dealt with their ban
  • practical tips to help agents deal with the loss of income

New legal documents

Most importantly of all, it includes a suite of template legal documents; including an updated tenancy agreement with Tenant Fees Act compliant sections on default fees and a new deposit clause.

Agents will also have access to new Fee Templates, and a template Variation of Contract to use during the transition period that will incorporate fees into existing ASTs. For Holding Deposits, there are template letters for when they need to be refunded, when it is forfeited, for transferring it into the first month’s rent and for when agents need more than 15 days to get everything sorted.

You can download these documents from the online shop. If you do not know your login, please email publications@propertymark.co.uk.

We’ll keep helping

Attend an ARLA Propertymark regional conference, meeting, roadshow or webinar if you still have unanswered questions. More information can be found on our events page.

Join ARLA Propertymark

ARLA Propertymark membership gives you, as an individual, the credibility of being part of a respected association along with a whole host of other benefits. More information can be found here.