The work of the Residential Landlords Association has been name-checked in a House of Commons Library paper on tenancy deposit schemes.
The paper, which explains the duty private landlords have to protect deposits and summarises how the schemes operate, talks about the helpful advice available from the association’s website, and the work it undertook in the Superstrike case,
In particular it references the ‘helpful Frequently Asked Questions’ on the changes introduced by the Localism Act 2011 which can be accessed on the RLA website, communication between the RLA and former housing minister Mark Prisk and a research project commissioned by the association on the impact of regulation on the PRS.
It also quotes from an article ‘Tenancy Deposit Schemes: Ten Years On’ written exclusively for the RLA’s Residential Property Investor magazine by Tenancy Deposit Scheme (TDS) chief executive Steve Harriott.
Figures from the Commons Library report show there were 3.4 million deposits, worth an average of £1,041 each, protected in England and Wales at the end of 2015-16. In the same period, around 28,000 dispute adjudications were completed.
Although they have been around for a decade there is still some confusion about landlords’ responsibilities when it comes to protecting deposits. For more information on your obligations click here.
To read the full Paper click here.