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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Conservatives Pledge to Renters of One off Deposit for Life

25th Nov 2019

Although this has been mentioned before by the Conservatives, it has pledged to introduce a scheme for tenants to transfer deposits when moving homes, also known as 'passporting'.

house
pixabay.com

If regaining power, the party's Lifetime Deposit scheme will make it far easier and cheaper for tenants to switch their deposits from one landlord/agent to another, without being out of pocket having to wait for their deposit to be returned.

Johnson has said the scheme will “make the process of moving home easier and cheaper” for tenants.

He has also vowed to help more tenants to become home owners by changing housing laws to make it much quicker process in the construction of new sites, the party will also renew its Affordable Homes Programme which will apparently build around one million new homes by 2025.

Johnson has once again confirmed his intention of scrapping Section 21, which could cause many landlords to sell up making it more expensive for renters because of the inevitable PRS housing stock losses.

Capital Economics' latest report commissioned by a trade body, forecasts a 20% fall in private rental housing stock if landlords are unable to use Section 21s unless of course the Tories, if in power, can fast track a new scheme to help landlords quickly regain their property from tenants because of rental arrears, damage to the property and anti-social behaviour.

The report, ‘A new deal for renters? The unintended consequences of abolishing Section 21’, also forecasts that there could be a real danger of a 59% reduction of available homes for Universal Credit tenants and renters having to contend with a possible 13% rise in rents.

A spokesperson for the trade body, said: “The government has clearly failed to recognise the realities of the private rented sector by proposing the abolition of Section 21.

“Any government which thinks it appropriate to risk the loss of nearly one million rental homes at a time of housing crisis needs to reassess its priorities as a matter of urgency.”



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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/