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Tenant Fees

As of 1 June 2019, Tenant Fee Act 2019 will apply to all tenancies in England, prohibiting agents and landlords from charging tenancy fees.

The legislation is wide ranging and will effectively ban most fees from being charged with the exception of the fees set out below:

  • The rent
  • A refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above
  • A refundable holding deposit (to reserve a property) capped at no more than one week’s rent
  • Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
  • Payments associated with early termination of the tenancy, when requested by the tenant
  • Payments in respect of utilities, communication services, TV licence and council tax;
  • A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement

Any other fees, which are not on the above list, will be regarded as prohibited payments and will be outlawed by the new legislation.

Please visit the following link to view the full guidance notes on the new legislation https://www.gov.uk/government/publications/tenant-fees-act-2019-guidance. If you need help understanding the new legislation  contact Citizens Advice Bureau for advice.

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Islington Properties Ltd is an appointed representative (Registration Number 602511) of Clear Insurance Management Ltd, who are authorised and regulated by the FCA - Financial Conduct Authority (Registration Number 307982).