One of the great things about the Tenant Fees Act is that you can save money whether you move home or stay put.
Since June, tenants signing an agreement on a new home in England do not have to pay letting agent fees. (As of yesterday, the ban applies across the UK.)
But there's been less fanfare for the cap on deposits at five weeks' rent, which means that a tenant renewing the agreement on their current home could get a refund if their deposit is worth more than that.Read more
You read that right: before the ban on letting fees has even come into force (this Saturday, folks), letting agents are already flouting existing laws on fees. Since 2015 agents have been supposed to display details of the fees they charge tenants online, but we've found 21 that are not.
Local councils could be collecting £5000 in fines for these offences, so the fact that agents are still getting away with it does not fill us with confidence that the fees ban will be enforced effectively.
The House of Commons has read letting agent fees their last rites! This afternoon MPs voted to approve the final version of the Tenant Fees Bill signed off last week by the House of Lords.
From 1 June, private renters moving home will no longer have to pay fees to start a new tenancy in England. Agents will only be able to ask for rent, and refundable holding and security deposits (capped at 1 week’s rent and 5 weeks’ rent respectively). The only exemptions are fees to cover the cost of lost keys, late rent payments, changing the name on a tenancy or ending a tenancy early.Read more
The letting fees ban has inched closer to being law. Yesterday a Grand Committee of the House of Lords went through most of the Tenant Fees Bill, line by line. There are still potential loopholes that could leave tenants vulnerable to exploitation.
Following lobbying by ourselves, Shelter and Citizens Advice, and amendments by peers including Baroness Grender and Lord Kennedy, the government has now agreed to examine them before the Report Stage.Read more
Finding a flat to rent in England can be tough. The stress only compounds when things don’t go as planned. When I lived in London, I got caught out when my landlord insisted on “renegotiating” the tenancy terms after I had paid a holding deposit (a troublingly common practice in the market).
Here are twelve things tenants can do to protect their rights, which helped me succeed in my legal claim against my landlord.Read more
The Tenant Fees Bill had its second reading in Parliament on Monday evening, where it was debated at length by MPs before being passed unanimously through to committee stage. All the issues that we’ve raised as a concern – default fees, the deposit cap, enforcement of the ban on letting fees – were brought up by MPs in the course of the debate.Read more
Good news for hard-pressed private renters facing rip off fees from letting agents.
The Government has introduced the Tenant Fees Bill into Parliament, which aims to ban the fees commonly charged by letting agents for new tenancy agreements. This is part of the Government’s promise to make private renting cheaper and fairer and it’s a much-needed piece of legislation, especially as a quarter of us in the UK will rent privately by 2021.Read more
The Commons Housing Committee has published its report on the Draft Tenants' Fees Bill today, making recommendations to the government for when it formally introduces the Bill to Parliament.
Generation Rent, along with charities, landlord groups, local councils and other industry organisations, gave evidence to the inquiry earlier in the year. There were positive outcomes on rents and deposits, but more work is needed to make sure the ban covers all fees - and that it's enforced properly.
Here's a summary of what we asked for - and what we got.Read more
Almost a year after Phillip Hammond announced the Government's intention to banning letting fees, we now have a draft bill before parliament.
Since that announcement, we have had a consultation on the ban, and of course a new government, but it has remained on the legislative agenda thanks to the concerted campaigning of renters across the country.Read more
The internet has already shaken up the music industry, television, taxis and self-catering holidays. Investors are now looking for the next industry to disrupt with technology and property seems ripe for the picking.
As the national voice of private renters, we agree that the property industry as it stands fails its consumers in too many ways, so things need to change. Even when we succeed in changing the law, like the forthcoming letting fees ban, we still need to ensure that it's implemented properly and the industry adapts in the right way.
But we can't allow slick and revolutionary new services or initiatives to simply treat tenants as cash cows in the same way that many letting agents and landlords currently do. So this is what we think the market needs - and how the tenant should benefit.Read more