As many agents will be aware, disputes over tenancy deposits at the end of a tenancy can cause frustrating delays and unexpected costs. Fortunately, there are ways to resolve common disputes quickly and avoid them altogether.
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The outsourced provider of client accounting services has won the Queen’s Award for Enterprise in 2021, in the innovation category for its Client Money HealthChecks and commended for being ‘outstanding’.
TDS ran a poll amongst letting agents to find out where the most time was spent in the tenancy deposit process. Nearly half of agents reported that dealing with deposit disputes took the most time, with over a third stating that the end-of-tenancy was heaviest on administration.
Inadequate or insufficient insurance cover may result in serious financial loss and can affect organisations of any size, and the pandemic has resulted in many businesses reviewing their cover in a more challenging environment.
Andrew Parker, MD and Auctioneer at SDL Property Auctions is a strong proponent of technical innovation but also believes human relationships are just as, if not more, important than ever in the 21st Century.
Whether new to tenancy deposit protection or simply want to know more about the process, it helps to understand the lifecycle of deposits to avoid penalties and disputes. Debbie Davies, Head of Sales at TDS, explains seven steps every agent should be aware of.
Debbie Davies, Head of Sales and Client Success at TDS explains it’s all in the detail when it comes to tenancy deposits, the more information that is collected and provided the better.
Specialist insurance broker and Propertymark Industry Supplier Gallagher discuss their findings which show that businesses are experiencing an increase in cyber risks as a result of changes in the way of working.
With ever-changing mortgage requirements across lenders, Propertymark Industry Supplier, Home of Mortgages outlines how helping clients get an edge over other would-be buyers is key to a successful sale.
Sandy Bastin, Head of Adjudication Services at Tenancy Deposit Scheme (TDS), a Propertymark Industry Supplier, discusses cleaning and damage to property and contents best practice given they continue to top the list of most common reasons for tenancy deposit disputes.
From 4 May 2021 agents could be blocked from charging late fees, compounding interest on missing rent, and taking any enforcement action over debts, thanks to the new Debt Respite Scheme (Breathing Space) Regulations in England and Wales.
Propertymark Industry Supplier, SDL Property Auctions, discuss how the property industry is feeling the effects of months of extreme demand, resulting in prolonged completion times and impeding estate agents’ cash flow and how agents can speed up the process and secure long overdue sales with the stamp duty holiday extension through auctions.
As a letting agent, it is not only important to be up to date with permitted fees to avoid potential deposit disputes; it can also save you costly legal penalties too. Debbie Davies, former letting agent and now Head of Sales and Marketing at Propertymark Industry Supplier, Tenancy Deposit Scheme (TDS), explains what agents need to know about tenancy deposit disputes and tenant fees.
As areas of the nation are set to see more inclement weather, Gallagher, Propertymark's official insurance broking partner, offers practical steps to help agents and their clients reduce the risk of damage to property. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption.
TDS looks at The Dispute Service, latest Statistical Briefing for 2019-2020, which includes information about the growth of the private rented sector (PRS) and data on tenancy deposit disputes in England, Wales, Scotland, and Northern Ireland.