The decision means that the current tenancy fee will be waived on any new property rentals with immediate effect.
The Tenant Fees Act is a new piece of legislation that will stop landlords and letting agents charging tenants/applicants a letting fee when they apply for a property.
Sandie Matthews, Residential Property Manager for Blenheim Estate, said:
“We have decided to waive our fees immediately rather than wait until the legislation becomes law in June.
Hopefully it will provide anyone currently looking for a rental property in the area with some additional money to help make the move easier.
We recognise the need to make both home owning and renting more affordable and our fees generally are already significantly lower than other agents.
Additionally we don't charge for renewing or early termination of tenancies unlike many other letting agencies."
The new Act not only does away with letting fees it also caps deposits at five weeks' rent and sets out how and when landlords can charge tenants.
Landlords and agents will also only be able recover reasonably incurred costs from tenants and must provide evidence of these costs before they can impose any charges.
In addition to our ambitious goal of providing 300 high-quality affordable homes, Blenheim Estate already own and manage a residential portfolio in excess of 200 properties; ranging from one-bedroom apartments to large farmhouses in the towns and villages around our UNESCO World Heritage Site.
To view a list of the current properties available to rent go to blenheimestate.com/property/lettings/.