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Landlord Lettings Guide

Our guide to being a landlord

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IMPORTANT<br />

CONSIDERATIONS<br />

safety items, such as smoke detectors<br />

and CO2 monitors. Ideally this<br />

should be prepared within 24 hours<br />

of the tenancy starting.<br />

Tenancy Deposit Protection<br />

At the outset of each tenancy we<br />

will collect a deposit from the<br />

tenant. The amount of the deposit<br />

is usually equivalent to one<br />

calendar months rent (this can be<br />

higher should the landlord feel it<br />

warranted).<br />

Since April 2007, in line with The<br />

Housing Act 2004, all deposits<br />

collected under an Assured Shorthold<br />

Tenancy (or renewal thereof)<br />

must be protected in one of the<br />

Governments authorised tenancy<br />

deposit schemes (details later in<br />

the brochure).<br />

Inventory<br />

It is essential to have an inventory<br />

prepared prior to the start of each<br />

tenancy. Not only is this used to<br />

record the condition of the property<br />

it is a useful last check of<br />

Security Deposits<br />

As mentioned we will collect a deposit<br />

from the tenants at the outset<br />

of the tenancy. This will act as a<br />

security deposit that can be set<br />

against any damage the tenant<br />

causes to the property or any arrears<br />

they build up during the lease<br />

period.<br />

We are members of the Deposit<br />

Protection Service, which is<br />

administered by:<br />

The DPS<br />

The Pavillions, Bridgwater Road,<br />

Bristol, BS13 8AE<br />

Tel: 0330 303 0030<br />

Email:<br />

contactus@depositproptection.com<br />

10 | Your <strong>Guide</strong> to Residential <strong>Lettings</strong> www.markgilbertson.co.uk

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