Tag Archives: Deposit Protection

Necessity is the Mother of Inventories Latest Articles, Lettings & Management, Property Market News

Landlords are losing cases when tenants complain about non-return of deposits because they are failing to take good property inventories.

Most landlord inventories fail to stand up in court or dispute resolution, argues the Association of Independent Inventory Clerks (AIIC).

The AIIC slams landlords for inventory failures and suggests they should employ professional inventory clerks at property handovers. Continue reading Necessity is the Mother of Inventories

Is Your Letting Agent in Our Directory? landlord's log

Does your Letting Agent provide a good service?

If so, please share what you like most about them.

I fully appreciate that some landlords prefer to be hands on. I used to think that way but now I prefer to focus my efforts onto other things. My brother is also a landlord and we have developed our strategies together over a a few decades. He now manages most of my properties and also looks after portfolios for friends and family. Things I like most about his service are:-

  1. He pays me within a week of rents being collected
  2. He deals with all the deposit protection insurance paperwork on my behalf via “My Deposits” and they are held in my bank account
  3. He has a very close working relationship with my tenants
  4. He has a good team of trade contacts who fix minor issues before they become a major problem
  5. We talk regularly about challenges and opportunities
  6. He’s a landlord himself, we also own properties together and we JV on refurbishment projects.

A link to his Gold Business Profile is here. As you will see, he has had testimonials left from landlords, tenants and contractors.

If you have a good working relationship with your letting agent please see if they are listed in our Directory. Simply scroll to the top of this page, type their business name into the “Who” box in the Header, press Search and find their business profile. Whilst you are there, why not say thank you to them by leaving them a testimonial?

Localism and Tenancy Deposits Buy to Let News, Guest Columns, Property Market News

As regular readers of P118 will know, the rocky road of tenancy deposits was pretty much a farce from its introduction in 2007 and has been right up to the present day.

I’ve been involved in housing law for most of my working life and I have to say I have never seen anything quite like it. The law unraveled faster than Jeffrey Archer in a witness stand. Continue reading Localism and Tenancy Deposits

The Property118 Christmas Cracker – Part Two Latest Articles

The second installment of our special Christmas Cracker Newsletter carries more of the best read and most commented upon news articles and guest columns during 2011. May we take this opportunity to wish you, your family and your business a healthy, happy and prosperous year to come in 2012. Our regular Newsletters will re-commence on 5th January.
Continue reading The Property118 Christmas Cracker – Part Two

The Property118 Christmas Cracker – Part One Latest Articles

We all like a late Christmas present so try and guess how many companies are in the directory to win £100 of B&Q vouchers. If champagne’s more your thing, there’s still time for you to tell us about your good tenants with the best story winning two bottles.

Or better still, why not enter both? Continue reading The Property118 Christmas Cracker – Part One

Property118 Landlords Newsletter – Issue 79 Newsletter

The latest news and views from the property market and private rented sector. Mary Latham looks further at the deposit changes, The Property Maverick returns and debate continues about the role social media may inadvertently have for businesses.

Continue reading Property118 Landlords Newsletter – Issue 79

Further Warnings to Landlords about Tenants Deposit Protection Buy to Let News, Guest Columns, HMO's & Student Lets

Following my blog The Devil is in the Detail, I want to pass on some information that will help landlords avoid being caught out.

  1. “When you protect a deposit you are asked if there is a third party who has provided the deposit.  Most of us assume that the tenant has provided their own deposit and click the NO box. But did we actually asks the tenant?”

Continue reading Further Warnings to Landlords about Tenants Deposit Protection

The Devil is in the Detail Buy to Let News, Guest Columns, HMO's & Student Lets, Lettings & Management, Tenant Eviction

The Localism Act 2011 is another heavy piece of legislation and you might be forgiven for missing a very important detail. It has been overlooked in several articles that I have read this week, but the courts will not forgive you so you’d better read on.

In the Housing Act 2004 it became unlawful to take a deposit from a tenant and not “protect” it through one of the 3 schemes that have Government contracts. The Housing Act 2004 included Tenants Deposit Protection (TDP) because it was perceived that landlords were not treating tenants fairly when it came to stoppages at the end of the tenancy and therefore the tenant needed to be given the opportunity to have independent arbitration in the case of a dispute. The arbitration must be paid for and the landlord was given two options. Continue reading The Devil is in the Detail

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