The CLA announced on the 3rd of November that its lobbying efforts over the past year have paid off as the Government passed a new ruling over tenancy deposits.
The organisation, which represents landowners, farmers and rural businesses many of whom let residential property, said it was delighted that as part of the Deregulation Bill, Government has decided to remove the need for residential landlords to comply with deposit protection laws for a second time if a fixed period tenancy rolls on past its end date.
These rules require a landlord to pay the tenant’s deposit into an approved deposit scheme and provide that tenant with certain information within a specified time.
CLA president Henry Robinson said: “Prior to this ruling, landlords were forced into the awful position that if they did not re-comply with deposit protection laws when a tenant’s contract rolled over, they would risk the major injustice of a large fine and potentially not be able to end the tenancy at all without first returning the deposit.
“Once the new law comes into force; there will be no need for the landlord to keep providing the information to the tenant every time the tenancy is renewed and, while all deposits will now have to be protected, there will be an opportunity for landlords to get their house in order without facing significant penalties.”
