Anorak News | Landlords Brought To Book

Landlords Brought To Book

by | 13th, April 2007

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.

Posted: 13th, April 2007 | In: Money Comments (2) | TrackBack | Permalink