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New matrix aims to simplify tenant fees ban

More than five months on from the introduction of the tenant fees ban, a number of 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.

To help explain the differences between the Tenant Fees Act 2019 in England and the Renting Homes (Fees Etc.) (Wales) Act 2019, which came into force in Wales in September, the Tenancy Deposit Scheme (TDS), in conjunction with ARLA Propertymark, has published a new simply matrix for landlords and agents. 

“We created the matrix to highlight the most important points of the legislation in a simple, visual way, to show how the two Acts differ in England and Wales,” said Debbie Davies, who heads up communications at TDS.

The matrix breaks both fees bans down 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, commented: “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 directly to your inbox by clicking here

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    nice post


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