Business as usual despite letting fees ban
Tough new laws on tenant fees are set to come into force this summer in the latest Government shake-up of the Private Rented Sector.
The Tenant Fees Act – sometimes referred to as a ‘ban on letting fees’ – will take effect from 1st June 2019.
It ends the vast majority of fees paid by tenants to landlords and letting agents for such services as references and credit checks and administration. It also caps deposits at the equivalent of five week’s rent for most tenants.
Chinneck Shaw has been preparing for the changes for some time and we’re determined that it will be ‘business as usual’ when the new rules begin.
Our director Neil Shaw said: “Reputable landlords and lettings agencies who have the best interests of their tenants at heart have nothing to fear from these changes.
“The new law may be unsettling for some, but it will help drive up industry standards to the high levels at which the best and most responsible agencies operate.
“At Chinneck Shaw, we have always set historically low fees while providing a transparent, reliable and highly professional service for our tenants and landlords.
“Our priority remains providing well-managed properties for both tenants and landlords, and we will ensure that it remains business as usual after June 1.”