Showing posts with label Tenancy Deposit Cap. Show all posts
Showing posts with label Tenancy Deposit Cap. Show all posts

Monday, 2 September 2019

Deposit Cap Means Renters Could Be Owed Refund


Renters in England could be in line for one-off payments of £117.90 on average if they renew their tenancy, Generation Rent analysis reveals. But as tenants who move must find a new deposit before getting their existing one back, the campaign is calling on the government to free up more of tenants’ cash before they move to make the process less stressful. With the government call for evidence on tenancy deposits closing this Thursday (5th Sept), Generation Rent is calling on ministers to enable renters to access some of their deposit to put down on a new home once the final month’s rent is paid. Read more on 24housing.


Thursday, 8 August 2019

Four In 10 Deposits Higher Than Government Cap


The Deposit Protection Service (DPS) has revealed that more than four out of 10 of the tenancy deposits it manages are currently higher than the new tenancy deposit cap. Since the beginning of June, most new assured shorthold tenancy deposits in England are capped at five weeks’ rent where the total annual rent is less than £50,000, or at six weeks when the yearly rent is £50,000 or more. Read more on 24housing.