tenants’ deposits
-
Latest property news
See it, clean it, clean up!
Clean Up, the new handy video guide for cleaning rental property to professional rental standards, has been widely welcomed by the lettings industry. It is seen as a breakthrough in addressing the biggest problem in the way of repaying deposits quickly and in full: what is clean and by whose standards? The film guides the way to saving significant amounts of money for tenants and landlords and will help the deposit dispute schemes where up to 60% of their workload is caused by cleaning disputes. A large proportion of tenants have said they would willing clean to the right standard and save themselves money if they knew the standards required and the best way to achieve them. Launched today by Joanna White (left), Managing Director of Property Principles Ltd, Clean Up provides the benchmarks for cleaning to lettings industry standards. It is not a lesson in how to clean but a series of practical, clear explanations of the standards of cleaning expected in the rental market. These are generally higher and more comprehensive than those of even the most house proud. Clean Up comes at a time when rents are rising and therefore the potential cost of a disputed amount…
Read More » -
Latest property news
Tenancy deposit deadline day
Letting agents and property managers are being encouraged to urge landlords to check that their tenants’ deposits have been stored in a Government-protected scheme by the close of play today (Tuesday 23rd June) or they could be liable to pay the occupants of their property compensation. The deadline, which was imposed as part of the Deregulation Act, will impact on landlords who have existing tenancies that commenced before Tenancy Deposit Protection (TDP) was introduced in England and Wales in April 2007. Landlords and agents who still hold a deposit on a tenancy that started prior to 6th April 2007 and then rolled into a Statutory Periodic Tenancy (SPT) on or after that date must protect the deposit and serve the prescribed information by today to prevent being fined. For deposits taken before the 6thApril 2007 and where the tenancy became periodic prior to this date, landlords and agents are not required to protect the deposit however, they will not be able to serve a section 21 notice to regain possession of the property unless the deposit is protected with a tenancy deposit scheme. This new legislation is viewed upon as “another positive step towards raising standards in the professional lettings…
Read More »
