Overview of the Tenant Fees Act
In June 2019, renting in London changed for the better. The Tenant Fees Act was introduced, marking a significant shift towards fairer renting practices. This act put a stop to many of the sneaky fees that renters used to face.
Importance for Tenants
For tenants, this law means more transparency and fewer unexpected costs. It’s all about making renting simpler and more straightforward.
What the Tenant Fees Act Means for You
Banned Fees: What You No Longer Have to Pay
Administrative Fees
Gone are the days of shelling out extra for contract drafting or getting a copy of your agreement.
Reference and Credit Checks
The act says a big no to fees for checking if you’re a good tenant or can keep up with rent.
Tenancy Renewals
Decided to stay put in your rental home? You won’t be charged just for renewing your contract.
Moving Out Inspections
Moving out? Inspections to ensure everything’s in order shouldn’t cost you a penny.
Permissible Charges Under the Act
Rent and Deposits
Obviously, rent is still on the table, and so is a refundable security deposit, capped at five weeks’ rent for most rentals.
Bills and Utilities
You’re still responsible for your household bills, from broadband to energy.
Mid-Tenancy Changes and Late Rent Payments
Need to tweak your contract mid-lease? That’ll be a £50 cap. Late with rent? Interest can only be charged after 14 days overdue.
Repairs and Replacements
If repairs are needed because of your actions, expect to cover the cost, provided it’s reasonable.
Covered Tenancies
Who is Protected by the Act
The Tenant Fees Act covers a broad spectrum, from assured shorthold tenants to lodgers living with a private landlord. It’s about keeping things fair for everyone.
Applicability to New and Existing Tenancies
Whether you’re just signing a lease or you’ve been in your flat for years, the protections apply to you.
Actions to Take if Charged a Banned Fee
Reporting to Trading Standards
If a landlord or agent tries to charge a banned fee, trading standards are your first port of call. They can investigate and enforce fines.
Potential Fines for Landlords and Agents
A first offense can cost a landlord or agent £5,000. Repeat offenders risk more severe penalties.
The Role of the Tribunal
Feeling wronged by a banned fee? The tribunal is where you can fight to get your money back.
How to Avoid Illegal Fees
Knowing Your Rights
Arming yourself with knowledge about the Tenant Fees Act is your best defense against unfair charges.
Seeking Redress for Unfair Charges
If you’ve been charged illegally, don’t hesitate to seek help. You’ve got the law on your side.
How LondonRelocation.com Simplifies Your Move
Facing the rental market in London, especially with the Tenant Fees Act in play, can feel overwhelming. LondonRelocation.com is here to make this transition as seamless as possible. Our team of experts not only navigates the complexities of the Act for you but also ensures you find the perfect rental home without any hidden fees or surprises. With personalized searches and a deep understanding of the legal landscape, we take the stress out of relocating, letting you focus on settling into your new London life.
0 Comments