Shadow Housing Minister wants 3 week deposit maximum

by Property 118

10:24 AM, 8th June 2018
About 6 months ago

Shadow Housing Minister wants 3 week deposit maximum

Make Text Bigger
Shadow Housing Minister wants 3 week deposit maximum

Under the current Tenant Fees Bill the proposed maximum tenant deposit will be 6 weeks rent. However, Shadow Housing Minister, Melanie Onn, wants this to be a 3 week maximum saying: “Labour is fighting for a new three-week limit for rent deposits. The current deal for private renters is unacceptable. Labour in government would do more to protect them.”

David Cox, Chief Executive of ARLA Propertymark, pushed back telling the Property Industry Eye:

“As I laid out to the Public Bill Committee on Tuesday, the purpose of the deposit is to mitigate against unpaid rent and damage to the property. Many tenants do not pay the last month’s rent which is then covered by the security deposit.

“This amendment won’t allow for that, which risks leaving a landlord without the full final month’s rent or repairs for any damage. It’s not clear how this proposal of three weeks’ deposit has been worked out.”

The Tenant Fees Bill is still receiving evidence until 5pm June 12th and has had it’s second reading in Parliament.

Many Property118 landlords are now saying they prefer not to take deposits due to the hassle involved with deposit protection and arbitration and are instead looking to rely on guarantors. This would definitely increase if the deposit didn’t even cover one months rent.



Comments

Chris Daniel

11:24 AM, 8th June 2018
About 6 months ago

... and the 3 week maximum is designed to encourage Landlords to accept tenants with Pets / !!! - I think not 'Mr Bean'. ( speaking of which - I think he'd make a better job of running the country than the labour party 😉

Luke P

11:31 AM, 8th June 2018
About 6 months ago

Our local MP. She's a complete nut. Wouldn't give me the time of day (arms folded, 'I'm right, you're wrong' attitude) when I tried to discuss UC with her as the second largest provider of PRS property to benefit recipients. Fool.

David Price

11:37 AM, 8th June 2018
About 6 months ago

Completely agree and so that the poor tenant does not lose out let us increase the penalty for trivial clerical errors in deposit protection to five times the deposit and a criminal record.
That'l learn them rogue landlords.

Dylan Morris

11:48 AM, 8th June 2018
About 6 months ago

Why don't they just ban landlords from taking deposits altogether. Better still why not introduce a requirement whereby the landlord has to fund the tenants moving in and moving out fees, covering the cost of removal van hire, time off work etc.

Hamish McBloggs

13:55 PM, 8th June 2018
About 6 months ago

A deposit is against dilapidations, unpaid rent ...

broken windows, a damaged wardrobe ( not repairable), a ruined carpet and the last months rent (or more) withheld, cost of cleaning, general repairs (not wear and tear), clearing out rubbish that was left behind using a skip, county court fees ...

and no forwarding address ...

makes any reasonable deposit insignificant.

Ah, yes and then we add the void time to fix everything and live, post tenant, in a twilight possession world because they haven't sat down with me enabling a proper and legal end to the tenancy.

I have no major problem with a smaller deposit limit.

I do have a major problem with the total lack of balance.

Hamish

Judith Wordsworth

15:20 PM, 8th June 2018
About 6 months ago

That's fine as long as landlords can give 3 weeks notice of taking back possession without having to go to court

AA

17:57 PM, 8th June 2018
About 6 months ago

I take objection to her being called a nut. I have many friends who would be deemed nuts but would never come out with claptrap of this order. The description you are seeking is " millennium snowflake". Personally I would call her a space cadet.

Jay James

18:14 PM, 8th June 2018
About 6 months ago

And while you are at it Melanie Onn, why don't you make incorporated and large landlords obligated by the same laws as individual landlords?

Michael Barnes

22:34 PM, 8th June 2018
About 6 months ago

Reply to the comment left by Jay James at 08/06/2018 - 18:14
I think you will find they are.

Chris Daniel

22:44 PM, 8th June 2018
About 6 months ago

Reply to the comment left by Michael Barnes at 08/06/2018 - 22:34Not quite sure about that Michael, have a look at shepwayvox
'The long read: P & R Installation Company Ltd.'
basically about local authorities in Kent contracting to provide services to Social housing that would make a Rogue landlord look like Simon Templar ! der duder duder, Durrr... DURR! ( if that's what the Saint's theme tune looks like typed 😉

1 2

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

And the landlord vote goes to - ?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More