Rentanyproperty.co.uk welocme tenant fees ban.
It’s been almost three years in the making, but to the huge relief of renters across England, the ban on rip-off letting agent fees finally came into force today.
Gone are the £300-plus admin fees and the £100 credit-check fee, the hefty extra charge if you want to keep a cat, or the steep surcharge to move in or out on a Saturday – charges that became routine and could add as much as £800 to the upfront cost of renting a property.
From today, a whole raft of often hidden and unfair charges are being swept away for anyone entering into a tenancy agreement. An estimated 4.8 million renting households in England are expected to benefit, saving anything from £200 to £800 for each move. The ban will save renters around £240m a year, according to the government.