| Industry News |
|
| News » Residential Property Law » Deposit protection legislation 'changes tenants' relationships' |
|
14/11/2008
Deposit protection legislation 'changes tenants' relationships' |
|
A new survey has revealed that 16 per cent of tenants do not have a good relationship with their landlords, the Deposit Protection Service (DPS) says.
However, the DPS - the only government-approved custodial scheme for the protection of tenants' deposits - claims that the vast majority of tenants do have a good relationship with their landlord (84 per cent).
Kevin Firth, director at The DPS, says that since deposit protection legislation was introduced, relatively few disputes have "needed to be resolved" through the Alternative Dispute Resolution Service.
Set up after new government rules were introduced last year, the DPS claims over 880 cases out of 113,000 repayments have been resolved through the service
Mr Firth advises that it is vital both parties do their research and select the right tenant or landlord to start with.
In July, a DPS survey revealed that as many as 62 per cent of landlords freely admitted to failing to register with a deposit protection scheme.
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive