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Security & Deposits

Security & Deposits

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Deposits and Bonds

When a residential tenancy is agreed through Thomas George, we take a bond from the tenant to cover any rent arrears or damage caused to the property. This sum is held by us throughout the tenancy.

Thomas George is a fidelity-bonded member of ARLA, the professional body which ensures that all landlords' monies and tenants' deposits are held in separate, fully protected client accounts.

From 6th April 2007, all deposits taken by landlords and letting agents must be protected by a government – authorised tenancy deposit protection scheme to safeguard tenants deposits/bonds.

Landlords and agents have a choice of three scheme providers, offering two types of schemes to protect the deposit.

Custodial Schemes 

Money is held by the Government Scheme until it is time for it to be repaid at the end of the tenancy. The Custodial Scheme is free to use. The landlord simply puts the deposit into the scheme at the beginning of the tenancy. There is one Custodial Scheme provider.

Insurance Based Schemes

Under the Insurance Schemes the landlord or agent keeps the deposit, and pays the insurance scheme to insure against the landlord failing to repay the tenant any money due to them.

There is a choice of two insurance based schemes. Thomas George has joined the TDS Insurance Based Scheme.

IMPORTANT NOTE: THE PENALTY FOR NOT CONFORMING TO THIS LEGISLATION WILL MEAN THAT LANDLORDS AND AGENTS WILL NOT BE ABLE TO ISSUE A SECTION 21 NOTICE REQUIRING POSSESSION OF THE PROPERTY WHICH MAY INCUR A FINE OF UP TO THREE TIMES THE VALUE OF THE DEPOSIT/BOND.

Inspections and Routine Visits

Periodically during a tenancy, one of our experienced team will conduct a routine visit of your Cardiff property. Following each visit, a written report will be produced and sent to you.

At the end of a tenancy, a full inspection will be carried out and the contents checked against the inventory produced prior to the tenancy. At this stage, we will inform you of any loss or damage to the rented property or its contents and also advise you on any items which need replacing or repairing should you wish to re-let the house or apartment.