The Tenant Fees Act 2019 came into force on 1 June 2019 and seeks to introduce protection for most residential tenants in the private rented sector in England.
The Act covers restrictions on:
- the type and amount, of payments that landlords and letting agents can require from tenants of most assured shorthold tenancies, student accommodation and licences to occupy.
- the amount that can be taken as a tenancy deposit.
- the amount that can be taken as a holding deposit and sets a timetable for dealing with repayment.
The Act also prohibits landlords and letting agents from requiring tenants to enter a contract with a third party for a service or insurance.
There are financial penalties ranging from £5,000 – £30,000 for non-compliance.
If you are a private landlord or tenant and need advice, please contact our Property team by calling 01566 772375 or email email@example.com