What is the Landlord Deposit Scheme & why do you need it?
We can collect a deposit from the tenant to safeguard against damage and can take on the responsibility of protecting the deposit via a government approved Tenancy Deposit Protection scheme. At the end of the tenancy we will inspect the property and the costs of any work attributed to the tenant will be deducted from the deposit. Any disputes will be referred to the dispute resolution service of the Tenancy Deposit Protection scheme used.
The Housing Act 2004 came into effect on 6 April 2007, and made provision for the protection of tenancy deposits and the resolution of disputes over their return. All deposits taken for Assured Shorthold Tenancies (AST) after this date must be covered by a tenancy deposit scheme (TDS) within 14 calendar days of receipt by the landlord or letting agent.
Belvoir is a founding member of the pioneering SAFE agent scheme (www.safeagents.co.uk). SAFE - Safe Agent Fully Endorsed – denotes firms that protect landlords’ and tenants’ money through client money protection schemes.