More protection for landlords and tenants alike?

More protection for landlords and tenants alike?

0:01 AM, 18th September 2024, About 17 hours ago 2

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DEBATE: We have a tenancy deposit scheme (GREAT) However I believe there should be a renters’ deposit scheme.

If a tenant has repairs and the landlord fails to amend these repairs, the tenant could pay the rent into a renters’ deposit scheme rather than withholding rent.

If the repairs are done in good time then the landlord can retrieve any rent owed.

However, if they fail to rectify the issues within an allotted time frame then the tenant can claim these costs.

This will prevent tenants who are withholding rent from falling behind once the issues have been resolved and also assure the landlord can receive the rent owed.

Any thoughts?

Stacey


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Reluctant Landlord

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9:51 AM, 18th September 2024, About 7 hours ago

no. rent is contractually required as part of the AST agreement. End of.

If Tenants have issues with a LL not carrying out repair works that has been proven that they are legally obligated to do, then there is already a process already in place the tenant can follow as necessary if they believe this is not been carried out in a timely manner.

Debate over.

Raz

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11:55 AM, 18th September 2024, About 5 hours ago

Why would the tenant be able to claim costs? How would that get the repair made more quickly?

Tenancy deposit is there to return the property to the same state it was rented in (and after deductions for wear and tear it often wont cover these costs).
The only possible way your idea would work was if rent was paid to a scheme, funds to cover mortgage/insurance/gas-electric checks/bills was released back to LL (otherwise property would be repossessed or suffer further dilapidation/illegalities) and any remaining profit would be used for the outstanding repair once enough had accumulated. Much too complicated and time-consuming to adminster.

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