UK Tenant Fees Act / Tenant Fee Ban - background & how Reapit can help

This guide has been reviewed against our global client base and classed as relevant to the UK only

The Tenant Fees Act 2019 came into effect from 1st June 2019 in England and 1st September 2019 in Wales - the ban applies to all Assured Shorthold Tenancies (AST), student accommodation tenancies and licences to occupy housing in the private rented sector

This page provides some background on this legislation, followed by how the system can help you carry out the key processes required by the legislation - processes include how to work with and report on holding deposits

New features have been added to the system to ensure that deposits being held don’t exceed the amount specified in the legislation

Background
Daily Processes 1. Registering a holding deposit This process does not require an invoice to be raised, as this limits the movement of monies from the various ledgers. A prospective tenant will need to make a holding deposit payment.
2. Reporting on unallocated holding deposits This section outlines how to report on holding deposits which are still being held as unallocated
3. Other holding deposit processes
4. Enhancements available from version 12.94.8+

Knowledge Base

UK Tenant Fees Act / Tenant Fee Ban - background & how Reapit can help

Background

Daily Processes

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