TDS custodial scheme now running!

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    #16
    Originally posted by nick.. View Post
    Whats stopping them not paying the last month and a halfs rent though? Less likely, I suppose, but thats about it, isn't it
    Yes, it's less likely. And because tenants usually pay in increments of whole months they'd have to withold the last two months rent in order to scupper the deposit process; and as tenants don't give more than a months' notice to quit, that's a much less likely scenario to happen.

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      #17
      I already take a 6 week deposit and have not found any problems with getting it from the tenants. I am using a combination of custodial scheme and the nals one - not filled in forms for nals one yet so deposits will go into the custodial scheme till that is set up and I have several oversea landlords so will need to use custodial for them. Problems I have forseen are only paying in deposits via either a debit/credit card or cheque - why not bacs although they did reply to my e-mail and say they are considering this method for the future.

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        #18
        Originally posted by Ericthelobster View Post
        Yes, it's less likely. And because tenants usually pay in increments of whole months they'd have to withold the last two months rent in order to scupper the deposit process; and as tenants don't give more than a months' notice to quit, that's a much less likely scenario to happen.
        Well, if they pay by standing order, I should imagine its quite easy to pay half the rent in the penultimate month, and then nothing during the last month, if they were absolutely sure they were going to be shafted on their deposit !

        Hopefully TDS will put an end to dishonesty on both sides

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          #19
          I have tried to read up all the bumph on the three options and struggle with all of them. As always they never cater for all circumstances or make life easy for honest landlords. I have rented two flats over six years with a turnover of about thirty different people and never had a problem.

          This is just an admin nightmare. Any experience from anyone to say no to the DPS free custodial service instead of the pay-a-huge-fee insurance based options. Anyone sussed a way of not doing the TDS but still keeping a landlord-safe tenancy agreement in place? I am new to this forum thing, so apologies if I have got any part of this wrong.

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            #20
            Originally posted by nick.. View Post
            If a landlord doesn't take a deposit, how are the hoping to cover the cost of any damage during the tenancy?

            Seems a risky route to take
            L should insure. Try MARAS.
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              #21
              Originally posted by cathie View Post
              I have tried to read up all the bumph on the three options and struggle with all of them. As always they never cater for all circumstances or make life easy for honest landlords. I have rented two flats over six years with a turnover of about thirty different people and never had a problem.

              This is just an admin nightmare. Any experience from anyone to say no to the DPS free custodial service instead of the pay-a-huge-fee insurance based options. Anyone sussed a way of not doing the TDS but still keeping a landlord-safe tenancy agreement in place? I am new to this forum thing, so apologies if I have got any part of this wrong.
              Cathie, have a read of this thread. It will make it as clear as mud. Check out post number 68 which may be of interest to you.

              http://www.landlordzone.co.uk/forums...ead.php?t=5468

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