The Tenant Fees Bill has become an Act of Parliament after passing its final reading in late January.
The act means that from 1 June 2019, “unfair” letting fees will be banned and tenancy deposits will be capped at five weeks’ rent.
The government believes that this will save tenants in England £240m, or £70 per household.
The new Act also stipulates the maximum amount that can be charged for a change to a tenancy is £50, and that landlords breaching the ban for the first time will be hit with a £5,000 fine.
James Brokenshire MP comments: “Tenants across the country should not be stung by unexpected costs from agents or landlords.
“This Act not only delivers on our promise to ban letting fees but also caps deposits at 5 weeks’ rent and sets out how and when landlords can charge tenants fees – helping renters keep more of their hard-earned cash.
“This is part of our ongoing action to make renting fairer and more transparent and make a housing market that works for everyone.
Arla Propertymark chief executive David Cox adds: “We’ve known the tenant fees ban has been coming for a long time, but with only 109 days to go until it comes into force, the industry must start taking time to prepare.
“The government will soon publish its guidance now that we have legislative certainty, which will give agents a better understanding as to how the ban should practically be implemented.
“We will also be launching a Tenant Fees Toolkit at the Arla Propertymark Conference on 2 April to help members overcome the legal challenges of the Bill.”