David Cox, its chief executive, has warned the industry has to be prepared for the fees ban that comes into force from 1 June, meaning agents won’t be allowed to charge fees to renew or set up a tenancy in the private rented sector.
With the Tenant Fees Ban next month, ARLA Propertymark has added answers to more than 70 frequently asked questions to its tenant fees toolkit and will launch roadshows providing updates on the legislation and tips for businesses.
David Cox, its chief executive, has warned the industry has to be prepared for the fees ban that comes into force from 1 June, meaning agents won’t be allowed to charge fees to renew or set up a tenancy in the private rented sector.
Furthermore, security deposits will be capped at five weeks’ rent, down from the previous six weeks’ rent.
Cox said: “Tomorrow marks the four-week countdown to when the Tenant Fees Act comes into effect and the industry must face the realisation of preparing for a post-tenant fees world.
“With no time to waste, agents need to ensure they’re compliant with the law, and understand how the ban will impact their business.
“To help members overcome the legal challenges of the Act and comply with the ban, we launched the tenant fees toolkit last month providing practical tools and materials to support our members through every step of the transition and beyond.
“We urge members to attend as we rapidly head towards the 1 June. Agents can help reduce the impact on their business by being prepared and with the date fast approaching, they must act now.”
