<p>Impresa Società Crisi di Palazzolo Andrea, Visentini Gustavo</p>
Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

15/06/2019 - United Kingdom: the Tenant Fees Act

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: Tenant Fees Act

On 1 April 2019, the British government published the Tenant Fees Act guide. The provisions will come into effect on 1st June 2019. Currently, the guide is divided into three parts: one dedicated to owners or letting agents, one to tenants and the last to local authorities. The Tenant Fees Act (TFA) prohibits owners and agents from charging tenants any fees for the granting, renewal, termination, assignment or novation of a lease unless they are specifically included in an approved list, however, a very short list. The law also prohibits the tenant from being required to enter into a contract with a third party in order to circumvent the prohibition to charge a third party for a fee.
The only payments, connected to the lease, that an agent or owner can request are: the rent; a refundable deposit with a maximum limit of five weeks rent, where the annual rent is less than £ 50,000 or six weeks when the value exceeds the above amount; a refundable deposit to remove the property from the market limited to the amount corresponding to a week’s rent; payments associated with early termination of the lease, when termination is requested by the tenant, limited to £ 50 or otherwise fair and reasonable amounts; payments relating to public utility services, communication services, TV license and city tax; a default fee for the delay in the payment of the rent and the replacement of a lost key or a device that gives access to the accommodation, as per contract. The request for payments not included in this list is not legal.