The Renting Homes (Fees Etc.) (Prescribed Limits of Default Payments) (Wales) Regulations 2020
4 Mar 2020 Agents   General   Landlords  

The Renting Homes (Fees Etc.) (Prescribed Limits of Default Payments) (Wales) Regulations 2020

The above Regulations were passed following a debate in the Senedd on 25 February 2020 and were made by the Minister for Housing and Local Government on 28 February 2020. The Regulations will come into force on 28 April 2020.

Default payments are permitted payments under The Renting Homes (Fees etc.) (Wales) Act 2019. These Regulations specify limits (prescribed limits) for certain types of payments required in the event of a default by a contract-holder. If the prescribed limits are exceeded, the excess is a prohibited payment.

The Regulations set out the method for determining the prescribed limit for late payment of rent, specify the prescribed limit for payments in respect of the cost of changing, adding or removing a lock and the prescribed limit for a replacement key or other security device.

The Regulations and accompanying Explanatory Memorandum can be found here


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