Dunstable and Houghton Regis Property Blog

LANDLORDS – Are you up to date with recent legislation ?

5/4/2019

CMP (Client Money Protection)

This was made mandatory for all Letting (Estate) agents from the 1st April and must be displayed in an agents front window and on their websites. This has been a requirement for all Belvoir offices for many years but some other agents may still not have complied.

Deposits

From the 1st June the maximum deposit for any tenancy will be 5 weeks rent. Currently many will request 1.5x a months rent. Also if a current tenancy is renewed for another fixed term after this date you will need to correct the deposit held to a maximum of 5 weeks. The other issue this will raise is where an extra pet deposit is taken in ‘Pet Friendly’ properties. As the deposit is now capped at 5 weeks rent it is likely that pet friendly properties will request a higher rent then the price advertised if there are pets.

9 Comments

mahima link

21/10/2019 05:38:41 am

Thank you so much for sharing the valuable post.

C2 Design & Build link

26/11/2019 10:16:16 am

Thanks for sharing.

Hertfordshire Windows and Doors link

4/12/2019 04:25:45 pm

great post :)

RJW Roofing & Building link

26/2/2020 04:11:41 pm

Excellent article! Keep the great work!

lec

20/3/2020 05:24:23 pm

Great and valuable article..not only from landlords side. Cheers Daniel!

iHouseibiza link

30/10/2020 06:08:11 am

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Neil parmer link

22/12/2020 12:19:47 pm

Ventas iHouseibiza link

31/1/2021 02:15:38 am

Useful information thanks for your post.

Neil Parmer link

2/6/2021 02:18:01 pm

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LANDLORDS – Are you up to date with recent legislation ?

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