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Fees Ban Consultation To Start In Spring

Home page Bowson Property News Blog Fees Ban Consultation To Start In Spring

A Government consultation into plans to ban letting agents’ fees paid by tenants is set to start in spring.   CLG Minister Lord Bourne announced the consultation into the way the ban on fees paid by tenants to agents will operate will begin in March/April this year.

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Tenancy information

Before the tenancy starts (payable to Bowson)
Holding Deposit: 1 weeks rent
Tenancy Deposit: 5 weeks rent
Rent: 1 months rent less holding deposit with a standing order set up for the subsequent monthly rent

During the tenancy (payable to Bowson if managed or landlord)
Tenancy agreement change: £50 inc vat
Late payment of rent: Interest charged at 3% above bank of England base rate for each day that the rent payment is outstanding over 14 days
Loss of keys/security devices: £15.00 +key cutting cost/ security device replacement.
Early termination of the tenancy: Payment of any unpaid rent up to the tenancy end date and a proportion of the Landlords tenant find fee (calculated by dividing the landlord tenant find fee by the number of months in the tenancy x the number of months left in the tenancy).

During the tenancy (payable to the provider) if permitted and applicable
Utilities – gas, electricity, water
Communications – telephone and broadband
Installation of cable/satellite
Subscription to cable/satellite supplier
Television licence
Council Tax

Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Tenant protection
Bowson is a member of safeagent, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details by contacting us directly.