Student letting fees ban

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Student letting fees ban

    Hi all,
    My son is in first year at Uni and has just found a student house for 2nd year, sharing with five others. how will the tenant fees ban affect him. He has already paid a holding deposit for house. he will get the house from 9th Sep, so after date of ban.

    Hollywoos

    #2
    It's my understanding that the fees apply to contracts agreed and signed before the date of the ban, regardless of when the tenancy itself begins.

    However, a holding deposit is not a fee as such unless it is non-returnable. It's normally offset against the tenancy deposit once the tenants commit by signing the contract. By 'agent's fees' I think what is meant is the silly amounts which agents tend to charge students for 'finding them a house', typically £150-200 per student. Half the time the agents don't even accompany the prospective tenants on viewings - in busy periods they just send them to the address in the hope the current Ts will show them round. It's basically a very expensive introduction service. The fees also cover printing out a standard contract and asking their Parent Guarantors lots of nosey questions via a credit search (for which parents are usually charged extra).

    Another nice little earner is telling Ts that they must sign a new contract to renew a tenancy, when most of the time, they could just let it become periodic at no cost,.

    Needless to say, agents aren't charities, so as soon as they are not allowed to charge Ts for 'admin' , they will charge the LL instead. Private LLs aren't charities either, so they will no doubt recoup the extra charge by shoving the rent up. There's no such thing as a free lunch.

    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

    Comment


      #3
      Ask again in a month or two when the bill have received Royal Assent, and a commencement order have been laid down.
      I am not a lawyer, nor am I licensed to provide any regulated advice. None of my posts should be treated as legal or financial advice.

      I do not answer questions through private messages which should be posted publicly on the forum.

      Comment


        #4
        Now has Royal Assent. My view is that contracts signed before 1st June will not be covered, but I’m happy to be corrected (as I’m in precisely the same position)!!

        Comment

        Latest Activity

        Collapse

        • Reply to Parent guarantor issue
          by HP mum
          thanks
          Student kind of got round it with a very kind other parent. They have agreed to be guarantor. Phew.
          A suggestion has been made that funds are paid up front if available by the time the tenancy starts - apx half the term rent. Thanks for everyone's advice....
          15-02-2020, 15:02 PM
        • Parent guarantor issue
          by HP mum
          6 students want to rent a house. 1 student proposed only parent to be guarantor - but parent doesn't fit LL/ agent criteria (no job/ no owned property). Student doesn't want to lose house (next autumn rental). Any good suggestions for student to propose to mates and the agent?
          Would paying deposit...
          06-02-2020, 12:20 PM
        • Reply to Parent guarantor issue
          by buzzard1994
          First see if the landlord will accept the 6 with one parent not meeting the criteria - my own child was in that position and the landlord did accept it as there was more than enough cover from the other parents. As one of the other parents I was not too happy effectively covering someone else's child...
          12-02-2020, 22:36 PM
        • Reply to Parent guarantor issue
          by toys19
          As an LL I tend to overlook it if one person cannot meet the criteria, I get the parent to sign anyway, as it adds pressure to the students to behave, but as its joint and several you can just sue the others.
          However from the students point of view, if LL won't change his mind then that's tough...
          12-02-2020, 10:35 AM
        • Reply to Parent guarantor issue
          by jpkeates
          There's no black and white answer to that, it depends on the landlord/agent's own criteria.

          If they're all signing a joint and several tenancy agreement everyone is responsible for all of the rent, so, in theory, if one doesn't pay, the other 5 would have to make up the shortfall.
          06-02-2020, 12:52 PM
        • Payed rent can't move in to my room
          by StudentRenter
          Hi, so I have payed this months rent and could of moved in on the 2nd September but I had work so I am moving in on the 28th, but got a message today say my room is still damp and the bed has been moved to the living room, also he does not know when I can move in to that bed room btw the girl before...
          28-09-2019, 00:19 AM
        • Reply to Payed rent can't move in to my room
          by pennythrip56
          What an odd response. Some very strange advice on here. Just because she was given the option to move in on 28th doesn't mean it's her fault she opted to take that option & that the landlord couldn't uphold his side of the contract due to damp issues.

          If you signed a contract to move...
          06-02-2020, 09:22 AM
        • Reply to Good place to buy art for a student house?
          by pennythrip56
          Be careful about putting artwork up- you're spending money that is likely to either get stolen or broken by students. Just make sure the place is decent, you don't need art work.
          06-02-2020, 09:18 AM
        • Good place to buy art for a student house?
          by JamesHopeful
          I'm currently renovating a student house and would like to buy some art (framed prints or canvas prints) for it.

          I had a look at IKEA which is OK but I feel like I've seen the same pieces everywhere. I've also had a look at Loft Interiors, who have some nice stuff but their decent-sized...
          08-10-2017, 09:41 AM
        • Reply to Good place to buy art for a student house?
          by oscarandjo
          As a student tenant I'd have appreciated it if my landlord had made it easier for us to put our own stuff up. For example, having nails/hooks already in the walls, since we're not allowed to use blu tac.

          ​​​That being said, some colourful art in the property photos listed on the agency...
          22-01-2020, 11:48 AM
        Working...
        X