Deposit protection experts, my|deposits Scotland in partnership with Total Landlord Insurance have created a Landlord Lifecycle Guide and video that identifies the essential topics for landlords letting property as well as helpful tips and advice from experts.
The guide is free to download from the my|deposits Scotland website and covers eight chapters which are essential for ensuring that tenancies run smoothly.
With the help of experienced landlords the handbook outlines important factors whilst providing best practice advice.
Chapters covered in the guide include getting the right insurance, preparing your property, marketing your property, carrying out tenant checks, carrying out an inventory, protecting the deposit, managing your property and vacating the property.
My|deposits CEO Eddie Hooker says the handbook and video is a must for even the most experienced of landlords.
“We made sure that the handbook is perfect for any landlord and the content has been compiled with one of London’s most experienced landlords who has been through it all. It’s a must watch.
“How to protect a tenants deposit along with carrying out a detailed inventory, getting the right insurance and much more is all included in the handbook.
“There’s over 50 Acts of Parliament and more than 70 sets of regulations governing the private-rented sector and the consequences of not knowing or understanding them can be disastrous for landlords, which is why the Landlord Lifecycle Guide is essential.”
The free guide is available right away from the my|deposits website and available to all landlords and letting agents.
For further information, please contact:
Marketing and Communications Executive
0207 840 8906
NOTES TO EDITORS:
- my|deposits is the trading name of Tenancy Deposit Solutions Limited, a company jointly owned by the National Landlords Association and HFIS plc T/A Hamilton Fraser Insurance (the Scheme Administrator) to deliver an insurance-backed tenancy deposit protection scheme under contract from Communities & Local Government.
- my|deposits aims to support landlords and agents to comply with the legislation and provide everyone with the confidence that deposit money is held securely for the duration of the tenancy.
- Landlords and letting agents 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. Fees are tax-deductible.
- In the event of a dispute at the end of the tenancy agreement, both parties are offered access to alternative dispute resolution (ADR). This procedure will be evidence-based, relying on documentation and records.
- Tenancy Deposit Protection (TDP) was introduced in April 2007 by the Housing Act 2004 as part of a package of measures to raise standards in the private rented sector.