The House of Commons have released a paper on the Tenant Fees Bill way ahead of the report stage. This is said to be announced very shortly, but only time will tell if this is the case. The 50-page report is going to provide some background to the bill. This will abolish a lot of the fees that tenants in England have to pay. It will also abolish the cap security deposit as well, and this is going to be at a maximum of six weeks rent.

Of course, this is also going to include England, Scotland and Wales. It also goes on to explain, in detail the Bill's provisions, summaries and reactions from tenants. Those who work in lettings recruitment or even letting agencies have also had the chance to raise a number of issues but the date for the report phase of all this is yet to be released.

The ARLA Property Mark have mentioned early in the report that when they were discussing the reaction to the Bill, they expressed support for the wider regulation of letting managers and that they also feel as though this will drive up the standards. They also believe that they do not support the abolishment of most up-front fees. Their argument is that the tenants rental prices will now increase as the result of the ban, and that this removal of revenue will actually result in a lot of places closing down. It may even go on to result in job losses, and even less competition on the market.

As a result of this, other fees are going to come into place and this could cause even more problems for the future. Only time will tell what happens when the report stage of The Bill is released, but it's safe to say that right now, things aren't looking good.