This month saw the Tenants Fee Bill enter Parliament.
The government has announced that The Tenant Fees Bill has been introduced to parliament this month.
This means the formal process of banning fees via the previously draft bill has now begin and is expected to take another eight or nine months to pass through the legislative processes.
Poperty portals will be required to check that the agent’s fees are accurately and transparently published on their sites as much as the letting agents who provide them.
Other measures confirmed in the announcement include capping holding deposits at no more than one week’s rent, limiting ‘change of tenancy’ work to £50 and introducing fines of up £5,000 for agents who break the new regulations.