In this week’s #NewsStory, TDS’ Assistant Director of Business Development, Debbie Davies, discusses the new Special Edition of their magazine Letterbox.
With the Tenant Fees Ban and Deposit Cap legislation due to take effect in England on 1 June 2019, TDS has released a wealth of information for letting agents, landlords and tenants on what changes the impending legislation will bring and what people can do now to prepare and stay ahead of the game.
Early this month, TDS launched DepositCap.com, a unique one-stop-shop for all questions relating to the Deposit Cap. This resource centre is bursting with unique tools and guidance, such as a unique Deposit Cap Calculator to ensure that letting agents and landlords correctly calculate the value of tenancy deposit can be taken on new or renewed tenancies after the 1 June 2019.
To ensure that our existing letting agent, landlord and tenant customers and new TDS customers are kept up-to-date as more details are released about the Ban and how it could affect them, TDS has launched a Deposit Cap Bulletin that you can sign up to be notified as these changes come to light. Click here to sign up to receive the bulletin.
In addition to this expansive information already available, TDS has release a special edition of its in-house magazine Letterbox which is filled with information about the Tenant Fees Ban including an article from TDS’ CEO Steve Harriott who discusses the background to the new legislation and outlines its impact on holding deposits, the tenancy deposit cap and the associated penalties for non-compliance.
By now, landlords, letting agents and tenants in England will all be aware of the Tenant Fees Ban coming into force on 1 June 2019.
When talking to our customers, either through our industry-leading Operations team, out meeting agents, through our social media pages, regularly published blogs and guides or at our TDS Academy training events, we’re receiving questions about how the Ban and Deposit Cap will affect them.
That’s why the latest edition of our Letterbox magazine is dedicated to the Tenant Fees Ban.
We’ve retained some of our regular features – Ask and Adjudicator, 10 Things, and What’s On – and included in-depth pieces on the implications of the Fees Ban for our customers and tenancy deposit protection.
In The Long Read, TDS’ CEO Steve Harriott discusses the background to the new legislation and outlines its impact on tenancy deposits, holding deposits and the associated penalties for non-compliance. It also contains a unique deposit calculator to help you stay on the right side of the law.
Download your free copy of Letterbox here: https://www.tenancydepositscheme.com/resources/files/TDS_Letterbox_Issue4_Spring2019.pdf
Our partner organisations, the Residential Landlords Association (RLA), ARLA Propertymark, and RICS are all useful points of information on the Tenant Fees Ban and its implications for the private rented sector (PRS).
Find out more about Tenancy Deposit Scheme (TDS) here.
About the author
Debbie Davies joined TDS in July 2017 as the Assistant Director of Business Development. She has an extensive background in the property industry with over 18 years’ experience in residential lettings.
Debbie brings her passion for raising standards in the lettings industry into her role and is responsible for the digital marketing, advertising, communications and events management for TDS with a firm focus on business development across the TDS brand including TDS England & Wales, TDS Northern Ireland, TDS Academy and TDS Charitable Foundation.
Tenancy Deposit Scheme (TDS) is a government-approved scheme for the protection of tenancy deposits; TDS offers both Insured and Custodial protection and also provides fair adjudication for disputes that arise over the tenancy deposits that we protect.
We provide invaluable training in tenancy deposit protection and disputes for agents and landlords through the TDS Academy as well as joining with MOL to provide the Technical Award in Residential Tenancy Deposits.
TDS Insured Scheme: where a TDS member can hold the tenancy deposits as stakeholder during the term of the tenancy.
TDS Custodial Scheme: where TDS hold the deposit for the duration of the tenancy.
TDS Academy: TDS provides property professionals with invaluable training in tenancy deposit protection and tenancy deposit disputes.
TDS Northern Ireland: TDS is Northern Ireland’s leading and only not for profit tenancy deposit protection scheme.
TDS can only comment on the process for our scheme, other deposit protection schemes may have a different process/require different steps. Content is correct at the time of writing.
These views are those of the author alone and do not necessarily reflect the view of TDS, its officers and employees.
ARLA|Propertymark: For agents who would like to stay up to date, you can contact Propertymark | ARLA at: firstname.lastname@example.org. By being a member of Propertymark | ARLA you will be eligible for TDS Insured best headline rates.
RLA: If you are a landlord and would like to keep up to date with any changes that may affect you or your responsibilities, you can contact the RLA at: email@example.com and quote reference: dg715 to receive 25% off your first year’s membership.