As the UK’s largest letting agent, OpenRent has been asked to contribute to the Work and Pensions Select Committee’s investigation into lettings industry practices around tenants who claim benefits. Continue reading “OpenRent Letter to Work & Pensions Committee Inquiry”
The Tenant Fees Act will come into force on 1st June 2019. At the centre of the new laws is a ban on tenant fees, including admin and agency fees.
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.
We’ve created a Help Centre where you can find out more about how OpenRent works.
We’ve also created a Community Forum, where you can ask questions and talk to other landlords and renters.
[Update: The Draft Tenant Fee Ban has been published! Check it out here.]
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.
50 people a year die from Carbon Monoxide (CO) poisoning in the UK. A further 4,000 are treated in hospital. Frustratingly, it’s all completely preventable.
In England and Wales, landlords are under no legal obligation to supply CO alarms in most cases. Continue reading “Help Us Save Lives: Tenant Carbon Monoxide Survey”
Currently, landlords in England and Wales are only required to install a Carbon Monoxide alarm if the property has a solid fuel-burning appliance. Click the link below to complete our survey on Carbon Monoxide in the private rental sector and help us raise awareness!
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?”
We’ve just secured £4.4m of investment from Global Founders Capital. Hooray for us, right?
Sure, we’re happy. But here’s why that matters for you.