Member

I pointed out in Committee that it took my daughter about 10 seconds to work out that we are going to have a side market here, a secondary market, developed between potential students who are looking for a house and landlords: an unregulated secondary market in contracts, options and fees to secure tenancies—pre-tenancies, if you will, or agreements to rent rather than the rent itself. This complexity is the natural consequence of the Bill in so far as tenants who want to bag the best homes are concerned. We are going to end up with connivances between cohorts of incoming and outgoing tenants. The people who need our help and support the most are going to be disadvantaged. Everyone is going to pay more, it is going to destroy a stable market that works well for everybody, and, inter alia, it is going to make it harder for our country to get the brightest and best people we need to grow our economy in the future. These amendments should be supported.