With landlords continuing to come off on the wrong side of tenant deposit disputes, the Association of Independent Inventory Clerks have told landlords to shore up their claims.
During the fifth year of the Deposit Protection Service, only 16% of claims were given in the landlord’s favour. The AIIC believe this would change if landlords were better prepared, they’ve put together a checklist in a bid to turn the tide:- Continue reading Landlords still not getting the inventory right
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
Tenant deposit protection is rigged against landlords and letting agents – while a large number of tenants are unaware of the scheme, according to a new survey.
Landlords are overwhelmingly against deposit protection – more than half (54%) claim the scheme favours tenants and more than a third (35%) consider no one benefits from the laws. Continue reading Landlords claim deposit protection is rigged against them
With the tenancy deposit protection changes coming into force overnight, research by digital inventory platform Imfuna has found 0% of landlords questioned felt deposit protection schemes are designed in favour of landlords.
Over half of those questioned, 54%, believed they are designed to favour the tenant. Letting agents appeared to agree, 52% had tenants being favoured. Continue reading Landlords and Tenancy Deposit Schemes – A rocky relationship?
Landlords failing to protect a tenants buy to let deposit face tougher penalties under new laws that come in to force from April 6, 2012.
The government has closed holes in the tenancy deposit protection schemes after a number of high profile court cases slated the current rules as poorly drafted and impossible to police. Continue reading Landlords face tougher deposit protection rules
Are you looking for a legal update in relation to landlord matters north of the border, in particular the tenancy deposit scheme? We’ve been regular readers and admirers of the Property118 blog for some time and have always had the strange idea that perhaps something was missing. We now think it might be the lack of blog articles from someone in Scotland. To those of you who don’t know, Scotland is that bit of Britain which is much further north than the area that everyone in London calls “the North”. As someone who lives in a place where Manchester is 200 miles to the south, I always find it highly amusing to hear Mancunians called “northerners”. Continue reading Landlord Legal Update – for the real Northerners (…Scotland)
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
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
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