Deposit Scheme
From 6th April 2007 the government introduced the tenancy
deposit scheme, which all landlords and letting agents must use as a legal
requirement when taking tenants deposits. There are certain types of landlords
and tenancies which are exempt, however these only apply to a very few,
we can provide more information if required. As a rule landlords letting
a property using a standard tenancy agreement will be bound by the legislation
There are three schemes in the UK, we use the DPS (www.depositprotection.com)
Deposit Protection Service.
The legislation aims to ensure that tenants who have
paid a deposit to a landlord or letting agent and are entitled to receive
all or part of it back at the end of that tenancy, actually get it. If
you’re managing the property yourself you must register with a deposit
scheme, you have 14 days in which to pay the deposit in to a scheme, after
that time the tenant can take immediate legal action which could result
in a court demanding you repay the tenants deposit up to three times the
original amount.
EPC's - Energy Performance Certificate
From October 1st 2008 all property to be let in the UK requires an EPC
- Energy Performance Certificate. This must be available for tenants to
read at property viewings, we also list the data on our website with your
main property details. Properties without an EPC can not be let and are
subject to fines up to £200. It is the landlords responsibility
to supply a valid EPC, if your property does not have an EPC we can arrange
one on your behalf which will be valid for 10 years.
What Next? - Contact our agents
on free phone 0800 612 5228
|
|
|
|
|
