For too long, landlords had been able to impose huge unfair charges on renters with little government oversight.
Three years ago, Liberal Democrat Baroness Olly Grender introduced a bill to the House of Lords on renters’ rights, to ban letting agents from charging excessive admin fees and protect tenants from rogue landlords.
This bill was left unfinished when the snap election was held in 2017, but the Liberal Democrats have continued to fight for renters’ rights.
The Liberal Democrat move led the Government to introduce a new Tenant Fees Bill last year, and we won a number of important amendments to prevent renters being charged unfair fees, cap tenancy deposits at five weeks’ rent and requiring more transparency when a deposit isn’t returned.
On June 6th that bill became law, giving renters a fairer deal in the private rental sector and protecting them from unaffordable deposits and extortionate fees.
Read a briefing from Generation Rent, which has been campaigning on the issue.
Comment from Generation Rent:
It’s finally here! Today the Tenant Fees Ban comes into effect
It means that letting agents and landlords won’t be able to charge any fees when you move to a new home and you’ll save on average £404 on your next move.
We know that new laws can be confusing, and with 81 pages of guidance, it can feel like you need a PhD to understand what it means. But don’t worry – Generation Rent has got your back. We’ve created a short guide on what is and isn’t covered by the ban. Take a read.
It’s a massive win for renters everywhere who’ve been campaigning for years for this change. We have been following this legislation on its journey through the Houses of Parliament and pushing the government at every step to make sure the law protects renters as much as possible.