9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
15 Mar 2016
As a Landlord of domestic premises, you may have requested a security deposit to cover the costs associated with a tenant’s breach of their tenancy agreement. However, you are now legally obliged to lodge your tenant’s deposit in a government-backed tenancy deposit scheme (TDP). Any tenant that has rented their home from you on an assured shorthold tenancy that started after 6 April 2007 must be protected in this way.
Failure to use one of these schemes is unlawful. Furthermore, if you subsequently need to go to court to obtain possession, you will find it very difficult to do so if you have not complied with this legislation.
There are three companies selected by the Government that run Tenancy Deposit Schemes. There are also different types of scheme. One is insurance based where the deposit is kept by the Landlord and a premium is charged by the insurer to protect the deposit. The other form is a custodial service where the deposit is held a selected third party on behalf of the Landlord.
The insurance option may cost between £13 and £22 dependent on the size of the deposit. The custodial scheme usually has no initial charge. Companies offering Tenancy Deposit Schemes include Capita, Computershare and My Deposits (formerly Tenancy Deposit Solutions).
Some of these schemes also offer a dispute resolution service.
For more information speak to one of our residential lettings specialists on 01344 860121.
Related articles:
- What Happens if My Tenant Fails to Pay Their Rent?
- Who Pays the Council Tax on a Rental Property?
- What is Rent Guarantee Insurance for Landlords?
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