Rules should be simplified for tenancy deposit schemes

Posted: 05 Oct 2007 11:05:14 GMT


            Property News - Rules should be simplified for tenancy deposit schemes

There are calls for simplified rules surrounding tenancy deposit schemes.

There are calls for simplified rules surrounding tenancy deposit schemes.

The National Landlords' Association (NLA) says that it wants there to be a "greater understanding" of the regulations.

It comes six months after tenancy deposit schemes were introduced in the UK and Elizabeth Brogan, senior policy officer at the NLA, pointed out that the schemes are invariably geared towards protecting tenants.

"The regulations automatically protect the tenant - that was their purpose - they do provide some protection to the landlord but the assumption is that [the tenant] needs it more," she said.

"I certainly don't feel that there is more regulation needed. There needs to be better application and better understanding of the regulations as they are.

"The Law Commission have been calling for simplified tenancy agreements which would make everybody's lives easier," continued Ms Brogan.

It was recently revealed by the Department for Communities and Local Government that demand for rented accommodation increased markedly between 1993 and 2005.

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