Tenancy Deposit Schemes
Yes, they are here now.
And yet, I was surprised to see how little there was in the weekend papers on them.
If you have been confused by some of the reporting on them, here is just a few things to get straight.
They ONLY apply for NEW Assured Shorthold tenancy agreements dated on or after 6th April.
They DO NOT apply to existing tenancy agreements which were set up before 6th April where the agreements is already (or will in future) simply be extended to become a monthly periodic agreement.
They DO NOT apply YET in Scotland or Northern Ireland.
They DO NOT apply to other agreements other than assured shorthold ones. So, you could try an assured tenancy and not have to bother with putting a deposit in a scheme, but with an asured tenancy, you won't be able to get the tenant out unless he defaults or is in any other way in breach of the tenancy agreement.
Oh and finally, those bad landlords who make a point of never returning deposits - and who the schemes are supposed to stop - will ignore it anyway and use all their various nasty trcks to coerce and bully tenants into not reporting them for not being in the scheme.
So, the whole thing is a waste of time really.
Copyright: www.lettingfocus.com and David Lawrenson
And yet, I was surprised to see how little there was in the weekend papers on them.
If you have been confused by some of the reporting on them, here is just a few things to get straight.
They ONLY apply for NEW Assured Shorthold tenancy agreements dated on or after 6th April.
They DO NOT apply to existing tenancy agreements which were set up before 6th April where the agreements is already (or will in future) simply be extended to become a monthly periodic agreement.
They DO NOT apply YET in Scotland or Northern Ireland.
They DO NOT apply to other agreements other than assured shorthold ones. So, you could try an assured tenancy and not have to bother with putting a deposit in a scheme, but with an asured tenancy, you won't be able to get the tenant out unless he defaults or is in any other way in breach of the tenancy agreement.
Oh and finally, those bad landlords who make a point of never returning deposits - and who the schemes are supposed to stop - will ignore it anyway and use all their various nasty trcks to coerce and bully tenants into not reporting them for not being in the scheme.
So, the whole thing is a waste of time really.
Copyright: www.lettingfocus.com and David Lawrenson
Labels: Tenancy Deposit Schemes
This entry was posted by lettingfocus, on
Monday, April 09, 2007.
