The Tenant Fee Act 2019 came in to force on the 1st June 2019 and a small number of exemptions that are referred to as ‘permitted payments’
Permitted Payments are:
- A Refundable Holding Deposit (to reserve a property) capped at no more than one week’s rent. (This will be withheld if any relevanty person (including any guarantor(s)) withdraw from the tenancy, fail a right to rent check, provide false or mislewading information or fail to sign their tenancy agreement by the agreed terms.
- A Security Deposit a refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above
- Change of Sharers (Tenants Request) payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
- Variation of Contract (Tenants Request) payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
- Ending a Tenancy Early Should the Tenant wish to leave their contract early, they shall be liable to the Landlord’s costs in re-letting the property as well as all rent due under the Tenancy until the start date of the replacement tenancy.
- Lost Key(s) or other security devices Tenants are liable to the actual cost of replacing any lost key(s) or other security device. If the loss results in locks needing to be changed, the actual cost of a locksmith, new lock and replacement key for the Tenant, Landlord and any other pertsons requiring keys will be charged to the Tenant.
- Unpaid Rent Interest at 3% above the Bank of England Base Rate from the Rent Due Date until paid in order to pursue non payment of rent.
- Utiltiies and Council Tax The Tenant must pay the prevalent utilities, communication services, TV Licence and council tax or any other services they may sign up to.