Tenant Fees Bill: a Legal Review for Landlords

The Government plan to ban tenant fees is getting closer to becoming law. The policy divides landlords with 64% supporting the bill and 36% opposing. Whatever you think of it, we want to help you understand exactly what the ban means for you. 

Here to talk us through the finer legal details of the Tenant Fees Bill is Samuel Beswick, a Frank Knox Memorial Fellow at Harvard Law School and author of several papers on UK lettings law.

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The Difference Between Holding Deposits, Security Deposits and Agency Fees

Confused about rental fees? There’s holding fees, security deposits, a month’s rent up front, admin fees… and that’s all before you’ve even managed get your hands on the keys!

For tenants, it can feel like all parties are trying their best to extract a share of your hard-earned cash.

Continue reading “The Difference Between Holding Deposits, Security Deposits and Agency Fees”

Are You Putting off Good Tenants with High Upfront Costs?

deterring tenants from applying to your property with high cost move in moneys

A great way to put tenants off your property is to demand a big lump-sum payment before they can move in. This lump-sum is usually the amalgamation of:

  • Holding deposit
  • Security deposit (six week’s rent)
  • First month’s rent upfront
  • Agency fees
  • Referencing, inventory, etc.

It isn’t uncommon for these fees to add up to well over £2,000 per tenant. Continue reading “Are You Putting off Good Tenants with High Upfront Costs?”