Landlords Brought To Book
WITH most public sectors workers unable to buy a house, rental is the only option.
However, in one rare piece of good news for tenants, landlords will now not be able to withhold deposits to pay for ‘broken furniture’ or ‘cleaning’. According to the Mirror, dodgy landlords were unfairly pocketing over £50 million a year in deposits.
Landlords hold around £1billion in tenant’s cash in lieu of possible damage. But from now on all new deposits will be given to, or covered by, Government-approved deposit or insurance schemes.
This new protection was won following a decade-long campaign by Shelter and Citizens Advice.
April 27th, 2007 at 2:29 pm
This could have a reasonable effect on landlords.
April 27th, 2007 at 2:31 pm
In what way?