lettings appletons on 07 Apr 2007 08:34 pm
Tenancy Deposit Protection
This month the famous Tenancy Deposit Protection Scheme has come into force and protection of deposits is mandatory under the law from 6th April 2007.
Virtually all new contracts to let a property are assured shorthold tenancies. Tenancy Deposit Protection has been introduced:
- To ensure good practice in deposit handling, so that when a tenant pays a deposit, and is entitled to get it back, they can be assured that this will happen.
- To assist with the resolution of disputes by having an Alternative Dispute Resolution service (ADR). It will also encourage tenants and landlords to have in place, from the outset, clear agreement on the condition of the property through best practice, such as the use of inventories, and agreement on the condition of the property.
At Appletons we are well prepared and placed to have everything in place.
We have informed all our landlords of the new regulations in advance. If you still have any questions please do feel free to contact us.
Alternatively you can refer to http://www.communities.gov.uk for more information.
