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Question #95

What are the upfront costs?

Due to the changes in legislation in June 2019, tenants now only need to pay their one weeks holding deposit and either a 5 week cash deposit or zero deposit (fees apply) if they decide to go with that option. The aim of the Act is to reduce the costs that tenants can face at the outset, and throughout a tenancy. Tenants will be able to see, at a glance, what a given property will cost them in the advertised rent with no hidden costs.

#deposit #letting #renting #tenants #costs

#95

Answered by

Lauren Burkin

Residential Tenants

Lauren has over 20 years experience of residential lettings at the Acorn Group. She is fully Arla-qualified, and has a detailed knowledge of the rental market from first time renters to experienced landlords.