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  I suppose that before you begin your six month tenancy something is done to ascertain whether you have the money available to pay the rent each month and that you do not have a sting of moonlight flits to your name.
  Oh dear, what can be done to square the circle of rent rises aligned to market forces and wage levels and job security aligned to other markers all together?
  This reduction in deposit levels coupled with, or chained-to, a Bond of some sort may help. Perhaps the age-old system of getting your deposit back in timely fashion to square away the new outlay associated with renting somewhere new has broken down.
  Waiting overly long for your deposit, or losing most or all of it due to a singularly advantageous estimate/cost of repairs may have left the aggrieved party with no option but to have recourse to the Courts...sadly not much of an alteration to those circumstances with this new scheme either.
  Whenever a rented property is left, under this new scheme, and the cost of repair is higher than the amount bonded the renter will find themselves being chased by the Letting Agency. A saving in time and effort for the Landlord, but what possible redress would the renter have?
  This could work well, this could be disastrous. I doubt the old system was any worse for the Landlord or the renter. I wonder what is in it for the Agent?

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