The Tenants Fees Bill banning landlords and letting agents from charging tenants administration fees got Royal Assent on 12th Feb 2019, and becomes law from June 1st 2019
From 1st June 2019 we can no longer charge tenants administration fees for new tenancies, or for existing tenancies. However, we can require deposits from tenants, and that deposit can be up to the equivalent of 5 weeks rent. RPC will be requiring a minimum deposit of £250 from new tenants, and this money will be deposited in the Deposit Protection Scheme. his money will be returned to the tenant at the end of the tenancy unless the tenant is in arrears, has damaged the property or has not complied with the agreement or has left without giving notice.
The bill does allow a letting agent to charge a tenant a small administration fee for changing the agreement at the tenant's request, and to charge at cost any council tax, utilities bills or TV licence paid by the landlord if that is part of the tenancy agreement. At RPC the payment of these bills is the direct responsibility of the tenant, not the landlord or letting agent so this will not apply on our tenancy agreements.
We have already notified our landlords that from the 1st of June, 2019 we will be charging the landlords a tenant find fee to cover the administration costs of finding, vetting and referencing tenants, and setting up and ;producing a new tenancy agreement.