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Sat 1 June 2019
With effect from the 1st June 2019 and the implementation of The Tenant Fees Act 2019; when applying to rent a property through Masons the landlord will subsidy all the original charges (application & administration fees), as we can no longer charge tenants.
The new Tenant Fees Act is now in force in England, banning all letting fees and capping the amount renters can be charged for their deposits. The aim is to reduce the charges that tenants are faced with from the very start of the renting process, throughout their tenancy, and when their contract comes to an end, by getting rid of any hidden costs.
According to the 'Homes and Property' Newsletter, the Government expects to save tenants across England at least £240m a year!