- Category: Non-Rent Monies
This piece of legislation has caused ripples through the residential property lettings sector in terms of trying to deal with the fair way that landlords and managing agents can pass on various types of payments to residential tenants.
Here’s a quick broad-brush summary of the three main types of changes that this has made:
1. Removed Fees
This is the hot topic, with landlords and agents no longer being allowed to pass on letting and administration fees to tenants.
It isn’t retrospective, but does apply to all tenancies both existing and new from 1st June 2020.
Even if a lease says a landlord can charge say a renewal fee, this legislation overrides this and prevents.
It also applies to wider licences to occupy within the residential...Write comment (0 Comments)