Those who are looking to find great homes UK have several things to learn about and take into consideration to ensure they end up with a home that perfectly suits their taste and budget. One of the most important aspects of renting a property that tenants should be knowledgeable enough is the tenancy deposit and how it should be protected by a landlord.
Deposit Protection Schemes – What are they for?
It is a landlord’s obligation to place the deposit of a tenant in a tenancy deposit protection scheme, particularly if the property owner rents out his home on an assured shorthold tenancy after April 6, 2007.
Government backed tenancy deposit protection schemes give tenants some sort of assurance that they could get back their deposit as long as they meet all the terms of their tenancy agreement, they do not cause damages to the property, and pay the bills and rent.
At the end of the tenancy, tenants should be able to receive their deposit within 10 days and should have an agreement with the landlord regarding how much they can get back. Should there be any disputes between the tenant and the landlord, the deposit shall remain in the TPD scheme until the issue has been settled.
What Information Must a Landlord Give a Tenant?
Landlords have the responsibility to tell their tenants the following information within 30 days of receiving the latter’s deposit:
• how much money was paid as deposit
• the complete address of the rented home/property
• how the deposit is protected
• details (name and contact info) of the tenancy deposit protection scheme, along with its dispute resolution service
• the name of the landlord/letting agency, and their contact details
• the name and contact information of the third party who paid the deposit, if any
• the reasons for keeping a part of or the entire deposit
• the process of applying to get the deposit back once the tenancy has ended
• what they should do in case they can’t reach you at the end of the tenancy
• what they should do should there be a dispute over the amount of deposit they can get at the end of the tenancy
What if the landlord fails to protect the deposit?
As a tenant, you can apply to a court if the landlord fails to use a tenancy deposit protection scheme. Before you find great homes England, you should expect your landlord to repay you the deposit, or pay it into a TPD scheme’s account in 14 days.
To make sure you find great homes Leeds that you can easily afford, use the site called ratedrents.com. There you will find a long list of properties for rent all over UK, with details including the estimated rent costs for each property.