Five weeks ago the Government introduced one of the most pivotal pieces of legislation to impact the Private Rented Sector in England - the Tenant Fees Act 2019 (TFA 2019).
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Anticipating change or the next episode of Game of Thrones can be quite traumatic. Since Phillip Hammond’s announcement in his Autumn Statement which feels light years away, there has been a lot of deliberation over what can and cannot be charged , the impact on the Private Rented Sector, the impact on not only SMEs but all agency types and most important of all the impact on tenants.
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On the 12th February 2019 the Ministry of Housing announced the date that the Tenant Fees Act 2019 would become law on the 1st June 2019. Whilst drafts of what the Act would include had been published, the guidance was highly anticipated in order for Landlords, Letting Agents, Property Managers and Tenants to be aware of exactly what this new piece of Legislation would include.
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Here we are, just two years and two months after Philip Hammond announced fees charged to tenants by landlords and letting agents would be banned. We have read and commented on the content of the Draft Legislation, given opinion on the pros and cons, suggested alternatives and after Christmas recess, we were given a date - 1st June 2019
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The Act revives a clause in the Landlord and Tenant Act 1985, requiring all rented homes to be ‘fit for human habitation’ at the start of the tenancy and throughout the duration of the tenancy. We have all been used to the LTA 1985 – Section 11 – as it’s the go to piece of legislation for Property Managers.
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Renters will receive better protection thanks to new measures designed to ensure mandatory electrical inspections are carried out by competent and qualified inspectors, Housing Minister Heather Wheeler MP has announced yesterday. As part of the government’s commitment to drive up standards in the private rented sector, landlords will be legally required to ensure that the inspectors they hire to carry out safety inspections have the necessary competence and qualifications to do so – with tough financial penalties for those who fail to comply.
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