The Tenancy Deposit Scheme became government legislation in April 2007. The scheme was put in place to protect tenants deposits and is used to resolve ANY disputes between Tenants and Landlords
All tenancy deposits are held or insured by a government registered body, in the event of any disputes, such a service will adjudicate and apportion the deposit accordingly. It is therefore crucial there is a thorough Independent Inventory, Check in and Check out report
Information for Landlords and Tenants
A vast number of tenants in the private letting sector currently provide the landlord with a deposit against possible non-payment of rent or damage to property during the AST. When the agreed tenancy comes to an end, there is usually no disagreement about the return of the deposit, but occasionally this matter unfortunately arises which this can cause a great deal of time consuming legal tasks to both landlord and tenant
The Housing Act 2004 (Chapter 4, sections 212-5; & Schedule 10) made provision for both the protection of tenancy deposits and the resolution of disputes over their return
The legislation came into effect on 6 April 2007. After this date all deposits taken for Assured Shorthold Tenancy agreements should have been covered by a tenancy deposit protection scheme
Red Dragon Inventories support for the Scheme
Professional Property Inventories along with Check In and Check Out reports prepared by Red Dragon Inventories will carry the greatest of weight and will help to ensure disputes are resolved quickly and fairly
Contact us now for free and impartial advice and for details about how Red Dragon Inventory reports are compiled and can be submitted to an independant dispute resolution service, on your behalf
Dispute resolution under the scheme, emphasises the need for accurate documentation to support any such claim