Government U-Turn On Tenant Deposit Cap A Loss Of Faith Say Landlords

Reducing the proposed cap on security deposits would make securing a tenancy harder for many. Responding to reports that the Government is to do a U-turn on its decision to cap tenancy deposits in rented housing at six weeks and reduce this to five, a spokesman for the Residential Landlords Association said: “If this is true, landlords will feel badly let down by a Government which says it wants to support good landlords. The Government had accepted that a cap of six weeks was the minimum many landlords require. This is needed to address the problem of tenants who fail to pay the last month's rent and leave a property damaged.” Read more on the RLA website.

https://landlords.org.uk/news-campaigns/news/government-u-turn-on-tenant-deposit-cap-loss-faith-say-landlords