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The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Industry Opinion on The Draft Tenant Fees Bill

The government has now introduced its draft Tenant Fees Bill in parliament, which reveals the full details of its plans to make the charging of fees to tenants an offence, and to make it compulsory for agents to be a member of a client money protection scheme.

The announcement comes after nearly seven months of waiting for agents during which a three-month industry consultation has been completed, and the draft bill will be the government’s initial framing of the bill following that.

“The ban will make renting fairer and easier for tenants by allowing them to see upfront what a given property will cost them – the rent that is advertised will be what you are expected to pay, nothing more,” said Sajid Javid, Secretary of State for Communities and Local Government.

He added: “It will also sharpen and increase letting agents’ incentives to compete for landlords’ business, resulting in a better and more transparent service for everyone.”

The bill applies to both landlords and their agents and bans all fees or prohibited payments as a condition of arranging the grant, renewal or continuance of a tenancy in England.

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