Initial cost of renting in England have decreased

Expat Academy Initial cost of renting in England have decreased  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.

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