Prepare for the End of the Tenancy at the Beginning – Tenancy Deposit Scheme Tells Students

When renting in the private sector, prepare for the end of a tenancy at the earliest opportunity. This was the message the Tenancy Deposit Scheme took to the student delegates at the NUS Welfare Zone Conference at the Liverpool Adelphi this week.

Head of Member Relations for the Scheme, Ben Beadle, also warned students not to part with their deposits without knowing what will happen to them.

He also stressed that if using a letting agent it is important to use one belonging to a professional body such as ARLA, RICS or NALS to be sure of protection through Client Money Protection insurance.

Delegates  learnt that even if a tenancy has already started, precautions can still be put in place.

“Ensure you get a deposit protection certificate,” Ben Beadle explained. “And if an inventory has not been agreed, tenants should  keep an audit trail of every thing that happens to the property and its contents. It is also important to get a landlord’s agreement in writing before making any changes or alterations, however small.”

“Taking the time to properly read the Tenancy Agreement is also a sensible precaution,” he added. ”It should describe everyone’s responsibilities.”

Delegates were reminded that precautions help reduce disputes at the end of a tenancy. “Remember, registration of a tenancy safeguards the deposit money and provides Alternative Dispute Resolution for all in the event of an irreconcilable dispute, “ Ben Beadle concluded.

27th October 2011

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