The LandlordZONE Newsletter - Tenancy Deposit Scheme up-date

September 2006 - Issue 11

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We continue here with our series of LandlordZONE Newsletter editions on the topic of the Tenancy Deposit Scheme (TDS) up-date requirements of the Housing Act 2004.

Landlords and Agents are no doubt anxious to know the state-of-play regarding the TDS. They will also be concerned about the likely impact of all this on their businesses when it eventually becomes enacted next April - 6th April 2007.

In this issue we have attempted to bring you an up-date on progress and give some idea of the likely implications of the scheme for landlords and agents.

Perhaps some indication of the complexities involved in the TDS is the fact that the launch date has been put off twice already, from July 2006 to October 2006 now to April 2007.

The DCLG is also perhaps anxious to know what impact the schemes will have and their likely take-up.

There is no doubt the process will add a layer of bureaucracy not previously encountered with lettings and coupled with the other legislation could be quite onerous.

There is considerable scope for landlords avoiding this by simply not taking deposits or other non-deposit measures to provide their security.

These possibilities will become more apparent as we have more detail of the schemes themselves.

Tom Entwistle, Editor

This issue is wholly sponsored by Coverlet - one of the leading providers of insurance for the rental property market.

Landlord’s Insurance from Coverlet

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