Are you local person renting your property? Or maybe you are a landlord. Whichever way, this is is a useful read. The Association of Residential Letting Agents (ARLA) has produced a short, concise guide to tenancy deposit protection with everything you need to know.
Before renting a property, tenants will usually hand over a security deposit to a landlord or letting agent.
Since 2007 it has been law that this money is safeguarded using a Government authorised tenancy deposit protection scheme. These schemes protect tenants by ensuring they get back their deposit after they have moved out.
If you’re currently a tenant or are looking for a property to rent, this guide will help you understand how Tenancy Deposit Protection protects you.
When moving into the property it is really important to have an inventory. An inventory is a detailed report record of the property, it’s fixtures, furnishings and the condition of these. It will record any marks, damage etc there may be prior to the tenant moving in.
Rosecroft Property Services is a one-stop Property MOT shop that provides inventories as well as services to help landlords ensure their properties are compliant with Health and Safety and other legislation they need to comply with. These services include Energy Performance Certificates, fire risk Assessments, Legionella risk assessments, portable appliance testing (PAT) and smoke and carbon monoxide alarm testing.
Rosecroft Property Services highly recommends using an agent that is an ARLA member. ARLA is the UK’s foremost professional and regulatory body for letting agents; representing over 9,000 members. Their members are expected to operate to professional standards far higher than the law demands and tenants’ can be assured their money is safeguarded by Propertymark’s Client Money Protection scheme.