For many years letting agents have been imposing unfair fees upon tenants, which has created an increase in demand for private houses to rent and left tenants seeking private rental properties with no agent fees. We reported on the proposed tenant fees bill last year which was aimed at preventing these extortionate costs, and these new rules will come into force in England on 01 June 2019.
What Fees Can Landlords and Lettings Agents Charge Tenants?
Landlords and Letting Agents will be able to legally charge tenants for the following:
- Deposit (refundable and capped at 6 weeks rent)
- Holding deposit to reserve property (refundable and capped at 1 weeks rent)
- Tenancy amendments (£50 or “reasonable costs”)
- Termination of tenancy at the request of he tenant
- Tenancy defaults (fines for late payments, loss of keys etc.)
What Fees Can’t Landlords and Lettings Agents Charge Tenants For?
- Credit checks
- Guarantor Form
- Admin charges
Private Rental Properties with No Agent Fees
MoveSelf is a free platform that private landlords can use to find tenants for their properties. Property landlords can log in quickly using Facebook or Twitter, and list property to let within 24 hours.