User talk:Mannypisani

Landlords in the UK should be very aware of the new Tenancy Deposit Scheme that came into place on 6th April 2007. We as landlords now need to register the deposit with one of two schemes. Firstly, CUSTODIAL - Where the Landlord hands the whole deposit over to the "scheme provider" the scheme is run on the interest that the monies make. This scheme is free to use (incorporates a free dispute service).

Secondly, INSURANCE BACKED scheme - where the Landlord can retain the deposit and can earn interest on the amount - if dispute occurs, the deposit must be paid to the scheme provider then a "free" dispute service occurs. There are costs involved for initial registration (annaual payment) plus an ammount per deposit held.

Most Landlords are well advised to retain a very clear and concise 'inventory' I managed to get one from a local association (Westcountry Landlords Association) - it's well laid out and very informative indeed. This protects both the tenant and Landlord's interest.