JOANNA CHORLEY, Lettings Coordinator at Fleur Lettings answers this question from a Landlord
No, absolutely not!
Since 6th April 2007 Landlords are legally responsible for how and where Tenant Deposits are held, along with how much can be held for a deposit, providing a list of required documentation (which needs to be produced at very specific times), and for returning deposits and dealing with any disputes at the end of the Tenancy in a specified timescale.
The Penalty for failing to follow this procedure correctly – and to the 1p – is between 1 and 3 months’ rent – and your Tenant could claim this if you do not follow the correct dates for lodging the deposit even if you are only a day late!
Get any of this wrong, and Landlords will not be able to serve notice on their Tenants, so having the backing of a really good Letting Agent is invaluable in this area.
At Fleur Lettings, we always encourage your Tenants to fulfil their obligations carefully and we provide them with clear information on what is expected of them both during and at the end of their tenancy. This, along with regular recorded inspections, has proved successful in reducing problems.
Sometimes there are problems and if there are you will be pleased to have a great Letting Agent to advise on and negotiate a balanced outcome.
“With an extensive knowledge of and experience in the lettings market, Fleur Lettings has an ethos where they regard each property they manage as an important asset and as if it were their own” Mr A, Wimborne.
If you need help with this, or any other area of renting out your property, please contact the friendly and knowledgeable Team at Fleur Lettings.
Fleur Lettings … worth every petal!
T. 01202 001080
E. info@fleurlettings.net
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