Wales to Introduce Regulation Banning Fees from Landlords
Rent is a critical part of many people’s lives. It is one of the most significant monthly expenditures, and while the UK has a decent proportion of its population owning their homes, there are still around 5 million households that privately rent, with these often being families.
With it being one of the significant expenditures, rent is taken into consideration very seriously, and so are the fees that accompany it. There are further bills which must be paid on top of the fundamental rental value, though there has been variance to this for many tenants. For the most part, the fees have been left to the whims of landlords, within reason of course, though with little limitation.
This attitude towards the fees in Wales has been recognized in recent times as being quite unfair to tenants. While certain charges are to be expected, there should arise limitation within the law to ensure an appropriate property rental environment.
A Ban on Fees
With all of this considered, the Welsh Parliament has seen it as necessary to place a ban on landlords from levying fees upon their tenants. The specific fees which are permitted include the likes of the security deposits, utility fees and a few more.
The law will allow the government to also have a higher level of control over the entire fee system and implement further limitation if they see fit. England, being the close neighbor of Wales, has a greater hold over the matter of tenant fees, and this law will put the Welsh system on the same level.
The law has not yet passed, though the Welsh Parliament has approved of it. The final step would be to obtain royal assent from England, and the legislation would be in effect.