Here’s a quick summary of the most important points for landlords:
Tenancy Deposit Cap
- The Committee recommended that tenancy deposits be capped at 5 weeks’ rent
- The Government has rejected this, and is keeping the tenancy deposit cap at the originally-proposed 6 weeks’ rent
Who Pays for Referencing?
- The Committee recommended a cap on the amount a landlord could take from a holding deposit in order to cover the cost of referencing
- The Government reject this, saying it would unfairly penalise the landlord
- Failing referencing, however, will not be grounds for keeping the whole holding deposit.
Landlords Can’t Evict Tenants if they Charge Illegal Fees
- The Committee recommended that landlords be made unable to evict tenants with a Section 21 eviction notice of they charge unlawful fees
- The Government accepts this recommendation.
Most of the response involved tightening up loopholes that could be used to get around the tenant fee ban.
You can read the full response here:
See the Tenant Fee Ban Timeline here: