From 1st June 2019 when a Tenant enters into a tenancy agreement, student let or license to occupy housing in the private sector, a Landlord or agent cannot charge you any fees or payments other than as listed below under Permitted Payments, therefore from 1st June 2019 it will cost less to move home and there will be no charges when the tenancy comes up for renewal.
Prior to the commencement of the tenancy, the initial monies will be required in cleared funds in the form of a banker’s draft, bank transfer or by card (before 4.00pm Monday – Friday). We also accept Switch, Visa and MasterCard payments.
Payments that are not permitted
From 1st June 2019, agents and Landlords will not be able to charge Tenants for setting up a tenancy , for a renewal of a tenancy or for checking out under the Act.
However, if the tenancy was entered into before 1st June 2019, and it was agreed in that contract to pay certain renewal fees, then a landlord or agent can charge these fees for a renewed fixed term agreement or statutory periodic agreement up until 31st May 2020. For tenancies entered into before 1st June 2019, the Landlord/agent can also charge for checking out , up until 31st May 2020.
Tenants should be mindful of increasing rents and be aware whatever your tenancy agreement, rents can only be increased once a year at the most.
ENDING YOUR TENANCY:
Unpaid Rent / Returned Payments will be subject to interest at 4% above Bank of England Base Rate from date due.