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Tenant Fees Act 2019 - No additional cost to our Landlords

With effect 1st June 2019, the government will introduce the Tenant Fees Act 2019, banning letting agents and landlords charging tenants for a number of fees. The banned fees include:-

The above fees are essential items or legal requirements, to ensure the smooth running of your tenancies. Many agents will be passing the cost of these items on to their Landlords.

At Pennington Properties we are pleased to announce that it is our intention to cover the cost of tenant referencing, credit checks, Right to Rent checks and tenancy renewals, so that there will be no additional costs to our Landlords as a result of the ban. The remainder of the banned fees are already included in our standard management fee which will remain at 10% +VAT (12% including VAT).

If you are unhappy with the new charges proposed by your current letting agent when the fee ban comes into force, or would like to discuss our management package in more detail, please contact Katherine or Nicky on 01480 459999.

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