Permitted payments on new tenancies from 1st June 2019

Market knowledge is everything
May 22, 2019

The Tenant Fees Act prevents landlords and their agents from requiring their tenants to make any payment as a condition of granting, renewing or continuing a tenancy apart from:
• Rent
• A capped refundable Tenancy Deposit (5 weeks rent)
• A capped refundable Holding Deposit (1 weeks rent – included in the 5 week cap)
• Payments in the event of a default (3% above Bank of England base rate)
• Payment on variation, assignment or novation of a tenancy £50+vat
• Payment on termination (surrender) of a tenancy £400+vat if within the fixed
period, subject to being able to re-let
• Payments in respect of Council Tax
• Payments for utilities (electricity, gas or other fuel, water or sewage)
• Payments for a television licence
• Communication services (telephone other than a mobile telephone;
the internet; cable television, satellite television)
• Green Deal charge
Lost keys – the landlord or agents’ reasonable costs for either the key or security
device – max £50 unless additional reasonable cost is shown.
NB: The Secretary of State can amend the list of Permitted Payments but cannot
remove rent from the categories of payment which are permitted.
Fees can still be charged on existing agreements until they are renewed or 1st June 2020. All fees are inclusive of VAT unless specified.

All ‘Assured Short-hold Tenancy Agreements’ will be for a 12-month period.

Company Tenancy: £450.00 + vat

We are members of:
The Property Ombudsman Scheme
Safe-Agent Scheme

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