Deposits and Inventories
What we will cover:
- Deposits and the law
- Inventories
- Handling disputes
- Tenant Fees Ban (England only)
Objectives
- Navigate and understand the complex laws on deposits
- Gain confidence to complete your own inventories
- Take and protect deposits and deal with disputes with ease
- Understand the Tenant Fees Act (England only) and the impact of this on landlords and agents
Background
The Tenant Fees Ban 2019 has rendered all landlords and agents unable to charge any upfront fees to tenants, including referencing fees, admin fees and many default fees to name but a few. However, landlords still have the option to take a security deposit and recover any damages or loss incurred as a result of the tenant's actions. The legislation around deposits remains complex so the course explains step by step what landlords need to do to comply. It also explains the importance of having a property inventory, even for unfurnished properties and how to do this.
This training course qualifies for 3 continuous professional development (CPD) points which can help towards or maintain your accreditation with the NRLA. If you are interested in becoming an accredited landlord with the NRLA, CPD points are necessary to achieve that status.
NRLA Accreditation recognises landlords who have agreed to maintain professional standards in the management and maintenance of their rented property and deal fairly and professionally with their tenants. Accredited members demonstrate their knowledge and understanding of their responsibilities and obligations and strive to maintain, increase and improve their knowledge of the market through training and development. CPD points are awarded for all activities which improve those attributes and are a requisite of membership of the NRLA Accreditation Scheme.
For more details visit the accreditation section on the website.
Suitable for
- New and existing landlords
- New and existing lettings agents