England’s Tenant Fees Act
Initial costs of renting in England became less expensive last month as the Tenant Fees Act came into effect. While a ban to tenant fees has been discussed for a few years, the current legislation wasn’t finalized and passed until February. Scotland banned letting fees in 2012, and Wales is expected to pass a similar ban this fall.
In the past, tenants often incurred large up-front costs when renting a property, which could include administrative fees, reference fees, credit check fees, guarantor fees, inventory check-in fees, viewing fees, tenancy set-up fees, and more. As of June 1, these fees are no longer legal.