Residential Lettings
Throughout the entire process of property letting, our comprehensive professional service gives landlords peace of mind while maximising returns.
Tenancy Deposit Scheme Comes Into Force on 6th April 2007.
The Government has recently announced that the long awaited Tenancy Deposit Scheme will come into force from the 6th April 2007.
It will be a legal requirement for every Landlord in the private rented sector to hold deposits in either a scheme operating an Insured Option or to use the Custodial Scheme. The Tenancy Deposit Scheme for Regulated Agents (TDSRA) has been running a scheme for Regulated Agents who are members of ARLA, the NAEA and RICS.
Housing Minister, Baroness Andrews said, ?Tenancy Deposit Schemes would help put an end to unfairly withheld deposits. Tenancy Deposit protection is a key consumer protection measure which would also introduce a simpler way of resolving deposit disputes and help raise standards in the private rented sector. But importantly under the new schemes alternative dispute resolutions services will be free to use for both Landlord and Tenant for the first time?.
From April 6th 2007 statutory deposit schemes will apply to all Assured Shorthold Tenancies where a deposit is taken in England and Wales. They do not apply in Scotland or Northern Ireland. Stags are full members of the Tenancy Deposit Scheme for Regulated Agents and therefore will be able to hold deposits on behalf of all Landlords through the insurance-based scheme for all lettings, through their Let Only, Rent Collection or Full Management Services. The Dispute Service Limited was established in 2003 to provide dispute resolution and complaints handling services to the Lettings industry. It is backed by the three professional bodies that are active in the private rented sector. For more information visit www.tds.gb.com.
Andrew Luxton MRICS, Manager of Stags Residential Lettings Department, is delighted that the Tenancy Deposit Scheme will be in place from April 2007 and will help to raise standards in the lettings industry. For further details, or for advice on any of our tailored Letting and Management Services then contact your local Lettings Department.
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The name Stags is synonymous with property in the South West. We have over 130 years experience and are renowned regionally and nationally for our expertise.
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Our lettings department covers our eight strategically located offices in all the major centres across the South West.
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This coverage is not matched by any other agent.
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Your need for a professional
Andrew Luxton MRICSOur simple objective is to ensure that letting property is trouble free and that our landlord clients avoid the pitfalls.
We have a lettings and management information pack available from all Stags offices. The pack details such issues as tenant selection, continually updated legal requirements, rent collection, insurance, fire and safety regulations, termination, accounting, lease renewal, inventory, property maintenance and dilapidations. If you would like a copy, please let us know.
Throughout the entire process of property letting, our comprehensive professional service gives landlords peace of mind while maximising returns.