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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.
Effective from 1st February 2016 the Right to Rent is a check a landlord, agent or householder renting out property should make to ensure that the prospective tenants or occupants have a right to rent
Renting in the private sector has in recent years grown significantly and although we are seeing a resurgence of first time buyers we believe that tenant demand will remain high for many years to come.
You could be searching for the highest possible return immediately, or wish to find the best property for long term capital growth. Most investors want a balance of both income and capital appreciation and see investing in property as an appealing alternative to low interest savings accounts, pensions and volatile stocks and shares.