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Tenant fees ban bill set to finish parliamentary journey before Xmas break

first_img A date for the final debate on the tenant fees ban has been announced by the government, suggesting that the legislation may become law earlier than expected.Next week on Tuesday, 20th November, peers will have a final opportunity to debate the bill at Committee stage following a first sitting earlier this month in the Lords.During this several peers moved for holding deposits to be capped at three days’ rent rather than the proposed limit of a weeks’ rent.“A cap of one week’s rent will help to improve affordability for tenants, while ensuring that landlords are not unfairly penalised should the tenancy not proceed for reasons within the tenant’s control,” said Lord Bourne (right).It was revealed during the debate that the average holding deposit charged by agents is £341, an equivalent of two weeks’ rent.The amendment to reduce it to three days was rejected by Lord Bourne, the government’s housing minister in the Lords.Holding depositsBut he agreed to include new guidance within the bill that would urge landlords and letting agents to explain more clearly to tenants why they had lost their holding deposit.This is particularly important when a group of house sharers all lose their deposit because one of them does not pass referencing, Lord Best pointed out.After the 20th November debate, the Tenant Fees Bill will move to Report Stage on 5th December, which means it could attain Royal Assent before MPs leave for their Christmas recess on 20th December.The Tenancy Fees Bill enjoys cross-party support and is relatively uncomplicated. It is likely therefore to become law two months after MPs return to parliament on 7th January, in early March.The government has previously said it didn’t expect the bill to become law until early Summer next year. November 15, 2018Nigel LewisOne commentJames Griffiths, Lincoln Grove Lincoln Grove 16th November 2018 at 11:34 amClient money protection legislation will need to be place well before the Tenant Fee Ban comes in.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Tenant fees ban bill set to finish parliamentary journey before Xmas break previous nextRegulation & LawTenant fees ban bill set to finish parliamentary journey before Xmas breakThe date for the final debate on the bill is set for 5th December, suggesting it may become law earlier than expected next year.Nigel Lewis15th November 20181 Comment5,916 Viewslast_img


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