Arla Propertymark has launched a new tenant fees toolkit to help borrowers prepare for the Tenants Fees Act, which is coming into effect on 1 June.
Available to all members of Arla, the toolkit contains 10 factsheets covering the ban, 18 short films outlining specific topics, and a case study from a Scottish letting agent, which looks at how they dealt with their ban and tips to deal with the loss of income.
In addition, the toolkit includes a series of template documents including legal documents, an updated tenancy agreement, fee and variation of contract templates, and for holding deposits there are template letters for when they need to be refunded, forfeited, and for transferring it into the first month’s rent.
A factsheet will also be added for landlords on why their costs are changing, as well as answers to more than 100 commonly asked questions once the Government’s Guidance “has been digested”, says Arla.
Arla Propertymark chief executive David Cox comments: “The tenant fees toolkit we are launching today will help our members comply with the ban; giving them practical tools and materials to operate in a post-tenant-fees world.”