Monday, 9 May 2011
Tenancy Deposit Scheme Clarification Welcomed
New guidelines for consistency among deposit schemes published by the Tenancy Deposit Scheme (TDS) and other groups have been welcomed by LettingFocus.com.
David Lawrenson, a buy to let and private rented sector expert at the website, commented: "I think that for a long time there has needed to be some clarification between the three different schemes.
"In particular, there seems to have been a bit of a drift in terms of what is required from a landlord and from a tenant, with regards to the quality of the inventory required."
He noted that the publication of the guidelines by mydeposits.co.uk, the Deposit Protection Service and the TDS is good but "long overdue".
Mr Lawrenson added that the guidelines suggest measures by which landlords who choose to carry out inventories themselves can protect their position.
Meanwhile, chief executive of the TDS Steve Harriott has said it is right that tenants and landlords get a uniform explanation of the approach taken when inventories are done.
Landlord and Tenant News
David Lawrenson, a buy to let and private rented sector expert at the website, commented: "I think that for a long time there has needed to be some clarification between the three different schemes.
"In particular, there seems to have been a bit of a drift in terms of what is required from a landlord and from a tenant, with regards to the quality of the inventory required."
He noted that the publication of the guidelines by mydeposits.co.uk, the Deposit Protection Service and the TDS is good but "long overdue".
Mr Lawrenson added that the guidelines suggest measures by which landlords who choose to carry out inventories themselves can protect their position.
Meanwhile, chief executive of the TDS Steve Harriott has said it is right that tenants and landlords get a uniform explanation of the approach taken when inventories are done.
Landlord and Tenant News
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TDS Tenancy deposit Scheme
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