Generation Rent: Parliament abolishes £410m-a-year scam

The House of Commons has read letting agent fees their last rites! This afternoon MPs voted to approve the final version of the Tenant Fees Bill signed off last week by the House of Lords.

From 1 June, private renters moving home will no longer have to pay fees to start a new tenancy in England. Agents will only be able to ask for rent, and refundable holding and security deposits (capped at 1 week’s rent and 5 weeks’ rent respectively). The only exemptions are fees to cover the cost of lost keys, late rent payments, changing the name on a tenancy or ending a tenancy early.

For another 12 months, tenants on existing contracts will still be liable for fees written into those contracts, such as renewal or check out fees.

(Dan Wilson Craw 2396.60sc on January 23, 2019)

https://www.generationrent.org/parliament_abolishes_410m_a_year_scam?utm_campaign=update1902&utm_medium=email&utm_source=npto

https://www.generationrent.org/blog

This a good start, as more and more people now and in the future will be renting, and due to huge shortfall in social housing, most will be renting in the private sector, as now home ownership is out of the question for most family's, and this will become the norm in the future.
next we need a rent control act, we had one years ago, that the rich scrapped, we need one now more then ever.