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The Tenant Fee Act 2019 for Tenants

03rd June 2019

From the 1st June 2019, the Tenant Fee Act will be in effect which prohibits letting agents and landlords from charging tenants’ fees associated with the start and renewal of a tenancy.

There is a 12-month transition period. This means any existing fees detailed within a tenancy agreement exchanged before June 1st 2019 will apply until 31st May 2020.

If and when you renew your tenancy the following fees will apply:

  • Security/Damage deposit will be no more than 5 weeks’ rent for new tenancies
  • Cost of replacing lost/stolen keys or security devices – £15 including VAT per hour (staff costs to replace the key), plus cost of the key/security device
  • Novation to the tenancy agreement including change of sharer – £50 including VAT
  • Rental arrears after 14 days will be charged at 3% above the Bank of England base rate

If the Landlord agrees and if the freeholder of the property permits tenants to have a pet within the property, a 7.5% rent levy may be added to the monthly rent to cover any potential damage, increased wear and tear and additional risk.

If you would like further information regarding the Tenant Fee Act 2019, please contact a member of our team on 020 3551 9900 or email us as reception@complete-ltd.com

For more information, kindly contact our regional office: