What does the Tenant Fee Ban mean to Landlords?
As of 1st June 2019 the Tenant Fee Bill will become law.
Does the tenant fee ban apply to Landlords? Absolutely
So what does that mean for you as a Landlord? Basically you will not be able to charge tenants for anything except Rent, Security deposit and Holding deposit!
Can I charge a fee for referencing and credit checks? No
Can I charge for inventories? No
Can I charge a pet deposit? No, but you can charge higher rent if a tenant has a pet
- • Credit checks
- • Inventories
- • Referencing
- • Professional cleaning
- • Tenancy renewal
- • Having the property deflead as a condition of allowing pets in the property
- • Admin charges
- • Requirements to have specific insurance providers
- • Gardening services
Make sure you are not caught out as you could be liable for a fine of up to £5000!