Welsh Renting Homes (Fees etc.) Bill receives royal assent
Today, the Welsh Government has given Royal Assent to a ban on letting fees.
The Renting Homes (Fees etc.) (Wales) Bill makes it an offence to charge a tenant any payment that is not specified as a ‘permitted payment’ under the legislation.
Some examples of what would be banned under this legislation include:
- accompanied viewings
- inventory charges
- signing contracts
- tenancy renewal
In a similar framework to the Fees Ban in England, letting agents and landlords will only be allowed to accept rent, security deposits, holding deposits, and charges for a breach of contract.
The Act will also allow the Welsh government to impose limits on the level of security deposits, the NLA hopes that the Welsh government looks closely at the impact of the five-week cap set out in England, and the negative impacts this will have on vulnerable tenants.
In further similarities to its English cousin, the act will also cap holding deposits to the equivalent of one week’s rent.
The Act will be coming into force on the 1st September 2019, you can read it in full here.