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ARLA Propertymark comments on the Housing, Communities and Local Government Committee’s report on the draft Tenant Fees Bill

Thursday 29 March 2018

PRESS RELEASE: Commenting on the Housing, Communities and Local Government Committee’s report on the draft Tenant Fees Bill, David Cox, Chief Executive of ARLA Propertymark said:

"We are very pleased to see that the Committee has listened to our concerns about the draft Tenant Fees Bill. We welcome the Government’s intention to clarify the legislation and permit charges related to a change of sharer when requested by a tenant and, that they have heeded our concerns regarding alternatives to traditional security deposits.  We also are pleased that they will exempt Green Deal payments.

“However, while it is positive that the Bill will be clarified to reflect that holding deposits can be paid to letting agents as well as landlords, not allowing agents to retain the holding deposit when a tenant fails the referencing check is both extremely unwise and very misguided. This will result in agents only selecting the very best tenants to avoid the possibility of incurring costs through tenants failing referencing. Ultimately, this will reduce the availability of property for vulnerable tenants and families. The very people that the Government are trying to help most with this Bill are those who stand to lose the most.”

-Ends-

For further information contact:

Propertymark Press Office

Tel: 020 7566 9777

E-mail: propertymark@lansons.com

 

About ARLA Propertymark

ARLA Propertymark is the UK’s foremost professional and regulatory body for letting agents; representing over 9,000 members. Our members operate to professional standards far higher than the law demands and we campaign for greater regulation in this growing and increasingly important sector of the property market. By using an ARLA Propertymark Protected agent, consumers have the peace of mind their agent will provide a professional service and their money is safeguarded by Propertymark’s Client Money Protection scheme.