Landlords
-
All deposits for ASTs signed after 6th April 2007 must be protected.
-
Deposits can be held by custodial schemes or protected by Insurance schemes.
-
Disputes will be settled by an independent board or go to court.
-
Judges consider a well-written inventory to be the BEST evidence
Letting Agents
-
Use your time more efficiently by outsourcing your inventories.
-
Inventories drawn up by an independent specialist are unbiased.
-
In a dispute case an accurate, fair schedule of condition will be favoured.
-
Offer this additional service to potential clients to gain instructions.
Tenants
-
Your landlord or agent must tell you how your bond is being protected.
-
If they don’t, they will not be able end your tenancy via the usual way.
-
Protect yourself by asking for an independently written inventory.
-
Make sure you know your rights under the new laws.