Should an Estate Agent / Letting Agent have Client Money Protection (CMP) insurance and do the General Public understand (or care about) the risks associated with dealing with an agent that doesn’t have any CMP in place? If an agent does want to implement Client Money Protection Insurance – how easy is this to do? Continue reading Client Money Protection – a letting agents dilemma
The countdown to nationwide tenant deposit protection is on as Scotland joins the scheme already running in England and Wales from July 2.
The Scottish Government has approved two more protection schemes, giving landlords and letting agents the choice of three. Continue reading Landlords face compulsory nationwide deposit protection
Deposit protection keeper Steve Harriott is promoting a love-in between landlords and tenants over the myth that they are constantly at war over money.
After five years of tenancy deposit protection laws, only 1% of tenancies have issues over the return of deposits at the end of an agreement, revealed Harriott, chief executive of The Tenancy Deposit Scheme. Continue reading It’s love not war between landlords and tenants
As a new tenancy deposit protection scheme opens for business, some landlords may be confused over the costs and benefits each offers.
To help compare the schemes with each other, here’s a look at the costs and some other important points to consider: Continue reading Comparing Tenancy Deposit Protection Costs for Landlords
Following my blog The Devil is in the Detail, I want to pass on some information that will help landlords avoid being caught out.
- “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
There have been some really interesting comments on the EU Trying To Kill Buy To Let – sign the petition to STOP it now. blog and it is great to see some new people contributing to this important discussion but I am feeling a bit frivolous at the moment and I thought that I would post on a lighter subject.
According to MyDeposits one of the main reasons that landlords stop money from a tenants deposit is to cover the cost of cleaning. This is interesting because I would have thought that damages might have come above cleaning. Continue reading Frivolous it might be but I don’t fall out with my tenants because…..
“Respect seems to be like a boomerang in the sense that you must send it out before it will come back to you.”
I have been giving a lot of thought to the relationship between a landlord and his tenants. Many tenants have landlord stories and many landlords have tenant stories but sadly neither seem to want to tell stories in praise of the other. Why is this? Why is so there little mutual respect between many tenants and landlords? Why is there so little respect for landlords generally? Continue reading The Boomerang Effect for Landlords?
Why the legislation was introduced-
According to the last Labour government, a significant number of landlords were abusing their position and holding on to deposit money that rightfully should have been returned to the tenant at the end of the tenancy. Continue reading Are the Tenancy Deposit Bodies Biased Toward Tenants?
Landlords and tenants locked in disputes over keeping rental deposits can take advice about negotiating a settlement from a new guide, jointly published by the three deposit protection agencies.
Continue reading New tenant deposit dispute guidelines for landlords
This is the fifth in a series of 10 articles written by specialist landlord & tenant solicitor Tessa Shepperson, founder of the online Landlord Law Service. Continue reading All about tenancy deposits