Deposit
Since The Housing Act of 2004 came in to force in 2007, all deposits must be held in an approved Deposit Protection Service. We would collect the deposit, which is usually 5 weeks rent and forward it to the Tenancy Deposit Scheme. The deposit can then be used to off-set charges for breakages/damages or for rent arrears occurring during the term, if required.
Rent Arrears
The agent will inform the Landlord as soon as practically possible of any delay or default on the rent and will make best endeavours to obtain the arrears and advise further action if necessary. Rental income can be guaranteed via certain guarantee policies which we can suggest, if necessary.
Landlord Obligations
The Landlord has a duty under the Landlord and Tenant Act 1985 to keep the property in a good state of repair and to keep all wiring, plumbing, heating electrical and gas appliances provided in safe and good working order. Legislation is continuously changing and Loddon Properties can keep you upto-date with all necessary obligations that apply.