TENANT FEE BAN UPDATE

The introduction of the Tenant Fee Act from 1st June 2019 will bring new challenges to agencies from how they operate to finding new areas to generate revenue. With Goodlord, you can already earn additional revenue and reduce costs with our exciting new features and products and we’ve been working hard to give an even wider range of services to boost your bottom line.

New compliance features

We’ve updated the Goodlord platform to make sure we can continue to offer the high level of service our customers are used to. Reducing compliance risks is at the heart of what Goodlord offers so these new features are available on request from 1st May 2019 and will be switched on from 1st June 2019 across the whole Goodlord platform.
 
Removal of fees for ASTs and Licence tenancies
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We’ve removed the fee option for ASTs and Licence tenancies to reduce errors and ensure you’re compliant.
Auto-generate deposit amounts
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Holding deposits (previously called Initial Payments) and Security deposits will be auto-generated and capped at the appropriate amount in line with the new law change.
Deposit and refund calculation on renewal
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On renewal of a tenancy, deposits will be calculated automatically and we’ll show you if there’s a refund owed to the tenant where applicable.
Tenant Fee Ban-ready documents
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Updated Tenant Fee Ban compliant Goodlord contracts and ARLA contracts have been uploaded to the platform and are ready to go.
Holding deposit extensions
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You can now agree an extension on the holding deposit with a tenant upfront and include it as part of the tenancy guide.
Draft ASTs
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Tenants are able to see a draft of their AST before paying their holding deposit and a digital paper trail is kept if you ever need it. 
Tenant Fee Ban-ready documents
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Tenant Fee Ban compliant Goodlord and ARLA documents are available on Goodlord now. 
Need to change your customised documents? You can activate Goodlord contracts by emailing success@goodlord.co with the email address you would like tenants to serve notice to.

increase revenue with new products and services

Goodlord Switch

Earn additional revenue from each property and cover your void energy costs while we register your tenants with local councils, water suppliers and switch your properties to an affordable green energy tariff.
Find out more

Tenants and Landlord Services

Did you know we offer insurance products for landlords and tenants? Improve your offering to your clients and maximise your revenue per let. 
Learn more

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