Labour is trying to have a maximum tenant’s deposit of just three weeks’ rent.
Melanie Onn, shadow housing minister, said in a tweet yesterday: “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.”
Under proposals in the Tenants Fees Bill, the maximum deposit that could be charged would be capped at six weeks’ rent.
Yesterday, ARLA Propertymark chief executive David Cox told 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 Bill has had its second reading in the Commons and is currently in committee stage, receiving oral and written evidence.
It will receive submissions until 5pm next Tuesday (June 12). These can be submitted to scrutiny@parliament.uk
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