mydeposits
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Press release
TDSL launches a step-by-step guide for landlords
21 January 2008
Tenancy Deposit Solutions Ltd. (TDSL) has launched a step-by-step guide for landlords and agents on its revamped website: www.mydeposits.co.uk
Following the introduction of mandatory tenancy deposit protection in April 2007, any landlord or agent who takes a deposit from a tenant in England and Wales under a new assured shorthold tenancy is required to protect it under a government-authorised tenancy deposit protection scheme.
The new easy-to-follow guide takes agents and landlords through the entire process:
- How to join TDSL;
- How to protect the deposit;
- How to return the deposit;
- How to unprotect the deposit;
- How to resolve disputes.
David Salusbury, Chairman, TDSL, said:
"TDSL now leads the way in making mandatory tenancy deposit protection as transparent as possible for landlords and the new website goes a long way to making the process clear and user-friendly. A massively helpful section is the new Jargon Buster which explains in plain English some of the technical terms that can confuse landlords, agents and tenants."
For further information, please contact:
Steven Hilton
Media Relations Manager, NLA
T: 020 7840 8906
M: 07779 604 781
E:
Notes to Editors:
About the Tenancy Deposit Solutions Limited:
Landlords wishing to use this scheme are required to register with the Scheme Administrator. They can find out more and register by visiting www.mydeposits.co.uk.
Registered members of the Scheme are able to protect and unprotect deposits at the beginning and end of tenancies.
No fees are payable until a member protects their first deposit. Fees are tax-deductible.
Landlord members of the Scheme can protect and unprotect as many deposits as they wish, for as long as the relevant tenancy lasts.
In the event of a dispute at the end of the tenancy both parties are offered access to alternative dispute resolution (ADR). This procedure will be evidence-based, relying on documentation and records.
About the NLA:
The National Landlords Association (NLA) exists to protect and promote the interests of private residential landlords. With almost 14,000 individual landlords from around the United Kingdom and over 80 local authority associates, it provides a comprehensive range of benefits and services to its members and strives to raise standards in rented accommodation. The NLA seeks to safeguard landlords’ legitimate interests by making their collective voice heard by local and central government and the media. The NLA seeks a fair legislative and regulatory environment for the private-rented sector while aiming to ensure that landlords are aware of their statutory rights and responsibilities.
About Hamilton Fraser Insurance:
Hamilton Fraser Insurance is the trading name of HFIS plc, a long-established insurance broker, authorised and regulated by the Financial Services Authority. Hamilton Fraser provides insurance services to clients throughout the UK and is located in New Barnet, Hertfordshire. Hamilton Fraser is a major player in the highly specialised property insurance sector, and offers a tailored product, branded as “Landlord Solutions” to both residential landlords and managing agents, underwritten by AXA Insurance(UK) plc. The NLA and Hamilton Fraser have a long-standing relationship, with Hamilton Fraser offering its range of Landlord Solutions insurance products to members of the NLA.