No more agency fees or extortionate rent deposits (new tenancy fees act) Watch

MagneticNorth
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Have you seen the new tenancy fees act (May 2019) ?https://www.gov.uk/government/collec...enant-fees-act

Agency fees will now have to be paid by landlords and not tenants, and there's a cap on deposits and holding fees!
What do you all think?
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Reality Check
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(Original post by MagneticNorth)
Have you seen the new tenancy fees act (May 2019) ?https://www.gov.uk/government/collec...enant-fees-act

Agency fees will now have to be paid by landlords and not tenants, and there's a cap on deposits and holding fees!
What do you all think?
Just to complete your opening documents, the 'how will it affect me as a tenant' guidance is here:

https://assets.publishing.service.go...or_Tenants.pdf
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Impala
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They'll just increase rent to cover it, tenants won't be any better off
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MagneticNorth
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(Original post by Impala)
They'll just increase rent to cover it, tenants won't be any better off
Even if landlords do do that on a large enough scale as to even out competition (as in they all charge the same high prices at the same time), that still spreads the cost over several months instead of the extortionate upfront fees of: agency fees + deposit + holding fee + first month of rent that students and young graduates and professionals are being charged which they can't necessarily afford.
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