As some of you may already be aware, a new act has been brought into force and applies from the 1st June 2019. The new act will reduce the costs that tenants face when moving into a property.
Letting Agents will no longer longer be permitted to charge potential tenants a fee for referencing or credit checks.Many other fees/charges have also been abolished within the new law so we would recommend taking a read of the below article before progressing with a new tenancy application.
https://www.gov.uk/government/collections/tenant-fees-act
We have prepared ourselves for the tenant fee ban and have already put it into force within our office.
