LANDLORD NEWS AND ADVICE FROM UK'S LARGEST ONLINE LETTING AGENT
The latest from the world of lettings and written for landlords. Top stories, advice, commentary and analysis...
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Archive for the ‘Tenancy Deposit Scheme’ Category
A tenancy deposit is a sum paid by the tenant that must be legally held in an officially recognised deposit scheme for the duration of the tenancy. It is used to guard against: damage to the property, unpaid rent and other unpaid costs that are the tenant’s responsibility. Top Tips: Register your tenants deposit or you could be fined 3 times the deposit amount. Get an inventory of... Read more
Tenancy deposits are used to secure against unpaid rent, damage to the property, or unpaid utility bill. If there is a dispute over how much of the deposit should be returned to the tenants, it is referred to the Tenancy Dispute service. Here is a typical case: A garden was left in an "unsatisfactory" state at the end of a tenancy, with weeds, overgrown plants and long grass. A clause in the... Read more
One thing that concerns landlords more than most, is the worry that their property won't be returned to them in a state similar to that which it was let in. New landlords in particular are often concerned that their tenants will trash the joint, rather than look after it. But the latest figures in the English Housing Report suggest that these fears may be overstated by overly jittery... Read more
Two lettings agencies in the UK have been expelled from the Property Ombudsman Scheme. The firms will remain in business; however they will no longer be accredited by the Property Ombudsman. A London-based lettings agent claimed fraudulent benefits in a shocking case. She used her son as a way to gain £10,000 from painful and gruelling medical treatment by claiming he was "desperately... Read more
A landlord has been in contact and asks how she can avoid using one of the government approved deposit protections schemes. She says: “I don’t want to use the deposit protection schemes because it’s yet another hassle and bit of paperwork I can do without. For years, I simply kept deposits in my bank account and didn’t have any problems with that. How can I avoid the deposit... Read more
I was a student once and also rented student digs from private landlords for several years. In fact, even when I started working, I continued living in shared houses for a few years with 3 and 4 friends. Here are a few reflections. Cooperate with your landlord. And do it from day one. It’s a guarantee that something will go wrong at some point and a good rapport with the landlord will be... Read more
There are lots of laws and regulations that landlords need to keep up with and some of the case law and important changes don’t always get much publicity. Keeping up with the changes takes a bit of time and interest but it is vital: failure to comply can be a criminal offence and might attract a hefty penalty. One recent event that seems to have passed many landlords by, regards a legal case... Read more
Shelter has commissioned some research about what tenants think about their landlords. It makes pretty uncomfortable reading: “1 million victims of landlord scams” shouts the headline... but read a bit further, and it’s not quite so cut and dried. 2,234 tenants were surveyed, and 2% of them said “they had been the victim of underhand practices when privately renting”. Shelter says... Read more