{"id":16478,"date":"2018-05-04T16:15:37","date_gmt":"2018-05-04T15:15:37","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=16478"},"modified":"2023-10-09T14:58:18","modified_gmt":"2023-10-09T13:58:18","slug":"tenant-fees-bill-has-been-published-heres-what-it-means-for-landlords","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/05\/04\/tenant-fees-bill-has-been-published-heres-what-it-means-for-landlords\/","title":{"rendered":"Tenant Fees Bill has been published – here’s what it means for landlords"},"content":{"rendered":"
This week, the Tenant Fees Bill was introduced to Parliament with recommendations on how the government will ban letting fees charged by agents to tenants from next year.<\/strong><\/p>\n The new Bill, which was first discussed in the Autumn Budget in 2016, sets out to try and reduce the costs<\/a> for tenants renting private properties in the UK by removing letting agency<\/a> fees, as well as capping tenancy deposits and making the whole process more transparent.<\/p>\n The recommended changes have now been published by the new Secretary of State for Housing<\/a>, Communities and Local Government, James Brokenshire, who was appointed this week after Sajid Javid stepped up to become Home Secretary after Amber Rudd’s resignation.<\/p>\n While the move is expected to save tenants<\/a> around \u00a3240m a year once it comes into play, the government has revealed that it will cost letting agents around \u00a3157.1m in the first year – while the knock-on cost to landlords<\/a> could be \u00a382.9m.<\/p>\n Brokenshire commented: “This government is determined to build a housing market<\/a> fit for the future. Tenants across the country should not be stung by unexpected costs<\/a>. That\u2019s why we\u2019re delivering our promise to ban letting fees.”<\/p>\n The measures set out in the new Tenant Fees Bill, according to the government’s website<\/a>, include:<\/p>\n The Bill currently only applies to assured shorthold tenancies and licences to occupy private rented property in England. At second reading, MPs will have an opportunity to debate the key proposals of the legislation before it is brought into law in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" This week, the Tenant Fees Bill was introduced to Parliament with recommendations on how the government will ban letting fees charged by agents to tenants from next year. The new Bill, which was first discussed in the Autumn Budget in 2016, sets out to try and reduce the costs for tenants renting private properties in… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":16490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,6],"tags":[341,32],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/16478"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=16478"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/16478\/revisions"}],"predecessor-version":[{"id":6097253,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/16478\/revisions\/6097253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/16490"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=16478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=16478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=16478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key measures: what you need to know<\/h4>\n
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