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Overseas Landlords
We specialise in the
recovery of residential properties for overseas landlords. |
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© Claim
Link 2005/10 |
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SECURITY DEPOSITS
Property security
deposits are a valuable way for landlords to protect their interests. The
deposit is normally equivalent to one month's rent and retained in a Government
approved Tenancy Deposit Scheme to ensure probity. The deposit should be paid
to the landlord prior to the tenant occupying the property and adequate time
allowed for clearance of funds prior to occupation. The landlord should pay the
deposit into the Tenancy Deposit Scheme within 14 days.
Forfeiture of
all or part of the deposit in the event of losses incurred by the landlord is
often contentious; accordingly the landlord should ensure the following:
- Adequate cover
within the letting contract for the retention of deposits.
- A full and
complete inventory prior to occupation and on vacating.
- A detailed
condition check at occupation and on vacating.
- Regular
inspections of the property which should be specified in the letting
contract.
- A detailed rent
book or well maintained accounts.
In the event of retention of the
deposit, evidence should be retained in case of future disputes as to the
justification for the retention. |
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| Our Advice
Service is completely free and costs you nothing! Simply click on to the
button below, fill out the form and we will get straight back to you. |
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| Multiple
Claims can be processed efficiently by opening an account with us. This
means that your contact details etc do not need to be completed for each claim.
Please click below to set up your account. |
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| If you have an
existing claim account with us please click below. |
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| Not a Member?
Not a problem. Please submit your claim using the button below. |
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