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Draft Tenants’ Fees Bill- The Queen’s Speech
The Queen’s speech, marking the opening of Parliament on 21 June 2017, set out proposals for a Draft Tenants’ Fee Bill.
The speech outlined the intention behind the bill- to promote fairness and transparency within the housing market, increasing competition and affordability in the private rental sector.
The draft Bill will bring forward proposals to ban landlords and their agents from requiring tenants to make any payments as a condition of their tenancy with the exception of the rent and tenant default fees.
The Bill will also introduce caps to deposits. Security deposits will be capped at no more than one month’s rent and holding deposits at no more than one week’s rent.
The Draft Bill has not yet been published, and it is not clear whether it will apply to mobile homes and caravans. Any park owners who let out homes in England should be aware of the potential changes.
Tozers will continue to post updates, as they become available.
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