As of 12 December 2018, letting fees and key money are additional fees that can't be charged to tenants.
Landlords or their agents can’t charge letting fees to tenants. This includes any charges to renew or extend a tenancy.
‘Key money’ is money (other than rent and bond) a landlord asks the tenant to pay for granting, or making changes to a tenancy.
Landlords are not allowed to charge key money. The only exception is an ‘option fee’. This is money tenants give to the landlord to hold the property while they decide whether or not to rent it.
The maximum amount for an option fee is 1 week’s rent. If the tenant decides to rent the property, the landlord must refund the option fee or put it towards rent.
Read more about it here.
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