Most fees charged by landlords and agents are banned from 1 June 2019. The bancovers most private tenancies, including assured shorthold tenancies, student housing and lodger agreements. It applies to fees charged to tenants and their
What you can be charged for
From 1 June 2019, if you start or renew a tenancy, you can only be charged fees in the following situations.
Late payment of rent
You can only be charged a late payment fee once you’re 14 days late with rent.
The late payment fee must be mentioned in your agreement and you can’t be charged more than 3% APR above the Bank of England base rate.
You can only be charged by either your landlord or agent – not both.
Lost keys or fobs
You can be charged the reasonable costs of a replacement if this is mentioned in your tenancy agreement.
Ending your tenancy early
Your landlord or agent can charge you if they agree to let you end your fixed term tenancy early or leave without giving notice. This can only be to cover any loss incurred by your landlord or your agent’s reasonable costs.
Changing or assigning your tenancy
You can be charged £50 if you want to change a term in your tenancy or assign it to someone else. The landlord can only charge above this if they can prove it cost them more.
Renewing your tenancy
You can only be charged for renewing your tenancy if you signed a tenancy agreement before 1 June 2019 which says you have to pay a renewal fee. You can’t be charged to renew a tenancy unless this was stated in your previous contract.