Zero or Nil Tenancy Deposit Schemes

Zero or Nil Tenancy Deposit Schemes In the last month, another “Zero Tenancy Deposit Scheme” has been launched, but are they a good idea? Deposits are now limited to five weeks’ rent for all tenancies starting on or after 1st June 2019, by order of the recent Tenant Fees Act, (except for where annual rents are over £50,000, (where, for […]

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Alternatives to Tenancy Deposits

Alternatives to Tenancy Deposits Is there an alternative to taking a deposit from tenants asks David Lawrenson, private rented sector and landlord advisor at www.LettingFocus.com. In this article I will explore if “no deposits” are feasible or sensible. Alternatives to Taking Tenancy Deposits – The Situation Today Landlords will soon be unable to take more than a six week deposit. […]

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Tenants’ Deposits to be Limited to One Month

The government’s plan to restrict the amount landlords can ask for tenancy deposits to one month of rent will make it much harder for people on low incomes, the benefit dependent, students and people with pets to secure private rented accommodation. It is the latest ill thought out proposal from the government who seem to have failed to assess the consequences for tenants, says […]

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Superstrike Ltd vs Marino Rodrigues and Tenancy Deposits

LettingFocus.com brings you news of a rather idiotic court case and a judge’s decision that has wide implications for tenancy deposits. You may have read about a recent legal judgment in a case relating to tenancy deposit schemes which is now causing chaos and confusion for all landlords who have taken a deposit and also for those who have not […]

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Tenancy Deposits and Tenancy Deposit Schemes

David Lawrenson of www.LettingFocus.com prefers tenancy deposit schemes where a landlord does not have to hand over the cash. Since April 2007, landlords letting property in England and Wales and who take a deposit on an assured shorthold tenancy (AST) must protect it in a tenancy deposit scheme, tell the tenants which scheme it is in and give them the […]

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Tenant Deposit Scheme Rule Change Update

On Wednesday 21st March, I wrote a piece explaining the changes to the tenancy deposit protection scheme rules in England and Wales. The new rules came into effect on April 6th, 2012. However, it is clear from a blog piece I wrote for “The Guardian” that a lot of the “experts” out there in blogland still misunderstand the rules and […]

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Changes to Tenancy Deposit Scheme Rules

Landlords who take deposits need to act fast if they have not already protected them in a tenancy deposit scheme says David Lawrenson of www.LettingFocus.com Today, I was going to comment on the budget, but thus far we cannot see much in it that affects the private rented sector (apart from for very high end properties effected by changes to […]

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