The Housing Act 2004 requires all tenant deposits held within an assured shorthold tenancy to be protected through a government-backed tenancy deposit scheme. This places an obligation upon all landlords and letting agents.
In England and Wales the tenants deposit can be registered within any of the following schemes:
At Goadsby we protect deposits using the Tenancy Deposit Scheme which is operated by The Dispute Service Ltd (TDS).
When resolving deposit disputes, TDS will refer specifically to 3 documents, the Tenancy Agreement, the in-going inventory and the check out report. It is therefore very important that a comprehensive inventory is prepared as this will provide evidence of the condition of the property and its furnishings at the tenancy commencement.
Investing in a buy-to-let property continues to have much appeal. Property has an excellent track record and for many it is recognised as a reliable investment that, over the longer term performs well.
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