tenant deposits
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Latest property news
TDS courses now cover (much) more than just tenancy deposits
The Tenancy Deposit Scheme has launched a six part training programme for letting agents and landlords. The training expands on its existing courses, which have focused on deposit protection and adjudication workshops. The programme kicks off with the legal issues around setting up a tenancy and the full day course will be led by Solicitor and TDS legal advisor Hilary Crook. The first course starts in March and is available to book now, with future courses being released in the coming months. Commenting on the launch, Steve Harriott, Chief Executive of TDS said; “Customers have really valued our deposit protection training but told us that they want more detail. These courses all tie back to deposit protection, but take a detailed look at key parts of the tenancy life cycle. With such a focus on raising standards in the private rented sector, our training is intended to arm the property professional with the insight and very best practice to stay the right side of the law.” Further dates for the popular TDS Academy Foundation course and adjudication workshop, are also now available. To book, visit https://www.tenancydepositscheme.com/academy TDS wins place in The Sunday Times Best 100 companies Meanwhile, The Tenancy Deposit Scheme (TDS)…
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Latest property news
BBC says rogue agents stole £1m of tenant deposits last year
A BBC investigation has claimed that 14 agents across the UK were convicted of stealing over £1m of tenant deposits last year including £400,000 taken in the East Midlands and £220,000 in Hertfordshire. The investigation, which was broadcast last night, places the blame for the high value of stolen deposits during 2016 on the insurance-based versions of the three deposit protection schemes, which enable agents to keep tenants’ deposit without having to lodge deposits with a scheme. The programme includes an interview with tenants’ rights campaigner and Conservative MP for Plymouth, Sutton and Devonport, Oliver Colville (pictured, left), who said the situation “is appalling and that there needs to be some action taken and some fines placed on people if they misappropriate those funds”. The BBC TV report also interviewed North-East based letting agent Ajay Jagota of KIS Group (pictured, below), who as well as running a four-branch agency in the North East, has launched his own insurance-industry backed alternative to the official deposit protection schemes, and in the programme calls the problem of stolen deposits the industry’s ‘dirty little secret’. The three government-sanctioned deposit protection schemes, on the other hand, say that cash-based deposits remain popular and, in a…
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