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That this House expresses concern that, although deposit protection was introduced with overwhelming support from April 2007 to protect tenants renting in the private sector on assured shorthold tenancies (ASTs), a significant number of tenants remain unprotected because tenancies where the annual rent exceeds £25,000 are outside the protection offered by ASTs; notes that many dwellings let on joint tenancies exceed that £25,000 limit, estimated by the National Union of Students/Unipol at 40 per cent. of all student tenants in London and the South East and 10 per cent. of student tenants throughout the rest of England and Wales; further notes that the threshold of £25,000 was set in 1990 to take luxury lets out of AST protection and that had this threshold been indexed to the Retail Prices Index it would now be £52,000; and calls on the Government to raise the current AST threshold to £52,000 and index it hereafter in order to protect many young and vulnerable house-sharers renting in the private sector, as was originally intended by introducing deposit protection.
Total number of signatures: 37
Showing 37 out of 37