From April 2007 Landlords who manage their own properties will no longer be able to hold tenants security bonds / deposits unless they are held in a TSD (Tenancy Deposit Scheme). If the Landlord does not comply with the new rules they will not be able to regain possession of their property until the security bond / deposit is transferred into a TSD and the tenant can apply to the court to order the Landlord to repay the security bond / deposit.

Package Information
Our new package has been designed for Landlords who still want to manage their own properties but who do not want to deal with the Tenancy Deposit Scheme. We will market your property and locate a suitable tenant, complete our full tenant credit and reference checks, set up all legal contracts and standing order mandates and create a comprehensive inventory and schedule of condition (required by the new Tenancy Deposit Scheme).

We will hold the tenants security bond / deposit in our client account in full compliance with the Tenancy Deposit Scheme, and we will collect the tenants rent each month and transfer the rent minus our fee into your account. The tenants will still contact you directly to report any maintenance or emergency problems.

We feel this package offers Landlords the best of both worlds, you don't need to worry about holding deposits in the correct accounts in accordance with the Tenancy Deposit Scheme, we will handle all rental income making sure it is always paid on time and you can stay in full control of the day to day management of the property.

Please call 0191 286 1700 for full price information
All fees are subject to V.A.T at 17.5%