I own two houses in Cambridge that I currently rent out. I have
heard there are some new regulations on the fees that can be
charged to tenants. I don't want to fall foul of any new rules
- can you advise me how the rules have changed?
From 1 June 2019 there will be a new system of charging fees to
the tenant by the landlord and agent, which will effectively bar
most fees which are presently charged to tenants, from being
charged in the future. This will assist tenants financially and may
squeeze landlords, and especially agents alike. It is called the
Tenant Fees Bill which is presently being passed through the House
of Commons and is receiving Royal Assent.
The key points to the Bill are, amongst other things, that
letting fees will be banned. The landlord will only be able to
charge rest, deposit specific default fees, frees for variations,
assignment or novation, and damages. Further tenancy deposits will
be limited to five weeks, and holding deposits will be
