The British government has published its Draft Tenants' Fees Bill, setting out their plans to ban letting agents charging fees to tenants. The proposed legislation would create a civil offence with fines of up to £5,000 for an initial breach of the ban, with criminal sanctions and fines of up to £30,000 for repeat offenders. In addition, landlords will be required to provide tenants with information about how much they are being charged by letting agents, as well as details on what happens if there is no agreement between landlord and tenant.
The British government has published its Draft Tenants' Fees Bill, setting out their plans to ban letting agents charging fees to tenants. The proposed legislation would create a civil offence with fines of up to £5,000 for an initial breach of the ban, with criminal sanctions and fines of up to £30,000 for repeat offenders. It also contains provisions to cap the amount that can be taken from tenants as a deposit and sets out new rules on returning it to them.