The Tenant Fees Bill has passed its final hurdle in Parliament and this means that from 1 June 2019, letting agents will no longer be able to charge fees to set up or renew a tenancy in the private rented sector.
In addition, security deposits will be capped at five weeks’ rent, amended from the originally proposed amount of six weeks’ rent.
Commenting on the legislation, Housing Minister Heather Wheeler MP said:
“I know these changes may concern some in the lettings market, but agents who offer good value and high quality services to landlords, will continue to be in demand and play an important role in the sector.”
Citizens Advice chief executive Gillian Guy added: “This is a landmark moment for the millions of people who rent privately. For too long families and other renters have had to hand over hundreds of pounds on unfair and uncompetitive letting fees every time they moved home.”
By Patrick Mooney, editor