Policymakers have introduced new legislation to protect tenant deposits across the UK, but some landlords are still getting it wrong, says NLA adviser Alan Jakeway. He explains how to get it right. What should landlords do with their tenants’ deposits? Legislation protecting tenant deposits – which came into force in England and Wales in 2007, … Continue reading Deposits: what landlords get wrong most often
Tag: tenancy deposits
I know you don’t visit the NLA blog to read about politics, but the events of this week have repeatedly made me consider the contemporary credibility of two fairly well known quotes by two different but nevertheless well-known twentieth century leaders. Neither of whom are regularly quoted in respect of the private-rented sector - but … Continue reading Take some of the guesswork out of TDP – and put it into identifying the politicians
Most landlords ask new tenants to pay a month's deposit as security in case of any damage to the property or non-payment of rent by the tenant. It’s the only real protection available to us should things go wrong later on. However, what happens to that money at the end of the tenancy is also … Continue reading Deposits: Whose money is it anyway?
While there have been major changes to landlord and tenant law over the last 20 years, the legal focus is still on protecting the rights of the tenants rather than safeguarding the landlords business interests. Therefore, it is up to me to protect myself and my business. Tedious as it can seem, my best protection … Continue reading Don’t get caught out – make sure your tenancies are legal
Renting is becoming the preferred choice of tenure for more and more people. Even Prince William and Catherine, Duchess of Cambridge, having tied the knot in a spectacular ceremony at Westminster Abbey are now renting a cottage on Anglesey where William is serving 3 years as a Search and Rescue Helicopter Pilot at RAF Valley. … Continue reading Getting off to a good start!