New matrix to help with the tenant fee ban
Landlords and agents are still confused by the new rules, especially those who operate in both England and Wales which have two different sets of regulations to contend with.
The Tenancy Deposit Scheme in conjunction with ARLA has published a matrix for agents and landlords explaining the differences between the Tenant Fees Act 2019 in England and the Renting Homes (Fees Etc.) (Wales) Act 2019.
The matrix breaks down both fee bans into sections that cover holding deposits, security deposits, check-in/-out fees, early termination, rent arrears and late payments, lost keys, breach of responsibilities, agreement amendments, and the contentious issue of pet deposits.
David Cox, ARLA Propertymark chief executive said "The tenant fees ban is a complex piece of legislation made worse by virtue of the fact that the bans differ ever so slightly between England and Wales.
This handy matrix helps agents operating in both countries to navigate the regulatory minefield and ensure they are complying with the right law".
You can sign up to receive the matrix for free using the link below: