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!