The loss of a small revenue due to the new TDS...

  • Filter
  • Time
  • Show
Clear All
new posts

  • The loss of a small revenue due to the new TDS...

    I am new to the lettings business so forgive me and I also realise this site is aimed at Landlords rather then Letting agents. But with the new tenancy deposit schemes, as an agent in the making, I have noticed when speaking to other agents that they used to get a small income stream, a perk shall we say, for holding deposits in their own customer (bank) accounts, therefore earning interest on the money they hold. However with the new scheme the companies that now deal with tenancy deposists hold the money, and charge for it in the subscription sense, therefore agents losing this small perk. Has anyone an opinion on this..?

  • #2
    They use the insurance scheme which allows the LA to hold the deposit.


    Latest Activity


    • S21 and refunds
      Because the poor old OP of THIS THREAD has seen it derailed by a long but nevertheless valid debate/argument/discussion about the interpretation of law, I've started a new thread because the discussion has raised some questions I'd like answers to.

      Say I have a tenant, whose AST started...
      18-08-2017, 05:52 AM
    • Reply to S21 and refunds
      well I kind of hoped that the OP would get their thread back if it was rerouted here but I didn't realise that this really only arises where there is disagreement. Plus the debate over there shows no sign of slowing down despite the OP's plea (in post #39 that he's now confused!).

      Ah w...
      19-08-2017, 12:15 PM
    • Reply to S21 and refunds
      okay... so if I'd asked them to leave in the middle of the period, then I'd have to refund but my example had them leaving at the end so no refund due....
      19-08-2017, 11:35 AM
    • Can Mrs T change locks?
      Mr and Mrs T are splitting up. Mrs T is looking for a new place before giving notice to LL. Mrs T is going to give notice to LL then move immediately to new place. Mr T has mental health issues and verbally intimidates and bullies Mrs T so she needs to get out before he can start on her.

      19-08-2017, 07:32 AM
    • Reply to Can Mrs T change locks?
      Tenancies don't change just because someone (usually LL) changes the locks.
      Mrs T needs specialist advice, as does LL if Mrs T explains her dilemma to him.

      LL could offer Mr T a sole Tenancy after expiry of Mrs T's Notice.
      19-08-2017, 11:28 AM
    • Reply to S21 and refunds
      My example was hypothetical. Both parties have "plans/wishes" and, feelings aside, there are plenty of reasonable situations where a LL might want to ask a decent T to leave their home.

      We have two properties where we might have to do this in the next few years. One involves co-ownership...
      19-08-2017, 11:26 AM
    • Reply to Can Mrs T change locks?
      Dunno, apologies, good for you helping. Think she should 'phone Shelter 0808 800 4444, open today
      19-08-2017, 10:11 AM
    • Tenants from Council Waiting List
      If you get tenants from the council waiting list, and the council pay the monthly rent direct to the LL, when their 12 month tenancy comes to an end, do the council still advise them to remain if the tenant has nowhere else to stay? It would be all the same if the LL wanted to sell the property asa...
      17-08-2017, 19:40 PM
    • Reply to Tenants from Council Waiting List
      Thanks for clarifying that for me artfullodger, and I didn't know they were homeless people the council asks LLs to house for 12 months.
      19-08-2017, 10:03 AM
    • Reply to Can Mrs T change locks?
      Artful - It's not that's going to be changing the locks - It's Mrs T.

      I'm not the landlord in this instance. Sorry, I should have made that clear.

      Mrs T is concerned that if Mr T remains in the property after the notice period ends she will be responsible for all the ££££...
      19-08-2017, 08:57 AM