4 ms·
This got so prevalent in England, that the law was changed UK-wide to require all deposits to go into a third-party deposit scheme so that the landlords didn't
by rleigh 8y ago
This got so prevalent in England, that the law was changed UK-wide to require all deposits to go into a third-party deposit scheme so that the landlords didn't have possession of it themselves. Any repairs need to be justified and it can be contested. It is a drastic step to take, but when a significant minority of landlords were abusing their privilege, it was I think a reasonable solution.
- HarryHirsch 8y agoIt was bad in England. In my university town there was a case where the owner of a property administration company simply disappeared with the deposits, he just left the country. Hundreds of students were affected, tens of thousands of pounds in damage. There was a spontaneous demonstration by the students who had lost money in front of the premises, which was obviously a fruitless endeavour. They should have staged a pogrom instead but the folks from the target community would have said "Dude, I've got more brothers than you have got friends", and if we follow the line of thought that incentives guide behaviour, that was the incentive for the students not to have a pogrom that day and for the agency owner to run away with the security deposits. Americans exhibit a fatalistic acceptance of the status quo. Perhaps we are spared the civil war because they are too slavishly obedient towards their superiors.