The Tenant Fees Bill received Royal Assent yesterday to become an Act. It will see the majority of agent tenant fees banned and comes into effect from 1 June. Deposits will also be capped at 5 weeks’ rent.
Our co-director Tessa submitted support for ending upfront agency tenant fees back in May 2018, to help support people in affording quality accommodation in London. You can read her full submission here.
Making moving home more affordable will benefit both tenants and landlords, as well as society more broadly.
Read Communities Secretary James Brokenshire’s 12 February press release here.