Government “delivering on promise” to ban letting agent fees
A new draft bill which will ban letting agent fees for tenants has been introduced to Parliament.
The draft Tenant Fees Bill will outline the Government’s approach to banning fees for millions of renters across the UK.
Communities Secretary Sajid Javid said the Government is “determined to make sure the housing market works for everyone”.
Prior research has found that the fees charged to tenants are often not clearly or consistently explained. The Government said the measure will help improve transparency, affordability, and competition in the private lettings market.
It added that the Bill will also prevent agents “double charging” both tenants and landlords of the same services.
Presenting the Bill to Parliament, Mr Javid said: “This government is determined to make sure the housing market works for everyone. Tenants should no longer be hit by surprise fees they may struggle to afford and should only be required to pay their rent alongside a refundable deposit.
“We’re delivering on our promise to ban letting agent fees, alongside other measures to make renting fairer and increase protection for renters.”
To find out how the Bill will affect you, click here.