The Tenant Fees Act came into force on 1st June 2019 for new tenancies and was then extended to cover all tenancies on 1st June 2020. At the centre of the new rules is a ban on tenant fees, including admin and agency fees.Continue reading “Tenant Fees Act (2019): What Landlords & Tenants Need to Know”
Step-by-Step Guides for All Three Deposit Schemes
The Tenant Fees Acts (2019) brought in a cap for tenancy deposits. The rules apply to new tenancies from 1st June 2019 and cap tenancy deposits to a maximum of five times the weekly rent for the property.Continue reading “How to Partially Repay a Tenancy Deposit and Return Amounts in Excess of Five Week Cap”
Confused about rental fees and costs? When you are about to rent a property, there are several different types of payment you will have to make. The main four are:
- the holding deposit
- the tenancy deposit
- rent in advance (usually one month’s worth)
On 1st June 2019, tenant fees were banned in England. We’ve always been against charging tenants these unfair fees, so we decided to celebrate with a competition.
OpenRent is giving tenants the chance to win £300 for sharing their worst tenant fees story.
To enter the competition, RT our tweet commenting your worst tenant fee experience using the hashtag #FeeFreedom.
Almost three years since being first announced, the Tenant Fees Act will finally come into force in England on 1st June. A similar law will commence in Wales in September.
This is something OpenRent has been campaigning for since founding in 2012. So we’re in the mood to celebrate!Continue reading “🎉Celebrating the End of Tenant Fees in England & Wales🎉”
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.
[Update: The Draft Tenant Fee Ban has been published! Check it out here.]