NLA praises TDP

Posted: 21 Apr 2008 11:24:24 GMT

The National Landlords Association (NLA) has hailed Tenancy Deposit Protection (TDP) as a success.

The National Landlords Association (NLA) has hailed Tenancy Deposit Protection (TDP) as a success.

According to the NLA, TDP has helped to improve relations between landlords and tenants.

The scheme was launched in April 2007 in a bid to improve standards of private rented accommodation.

It offers a resolution to disputes over the returning of a tenant's deposit and the NLA said that this has made everyone's life easier.

"TDP has led to an improvement in landlord-tenant relations as one of the potential bones of contention is open to resolution," said NLA spokesman Simon Gordon.

"We do believe that it has clarified the situation and made things clearer for landlord and tenant," he added.

It is illegal for a landlord with an assured short-hold tenancy agreement not to enter into a TDP scheme and Mr Gordon warned that those who fail to comply are taking a big risk.

"For those landlords who, through ignorance or neglect, do not protect there are of course penalties that will severely impinge on their lettings business," he continued.

© Houseladder Ltd

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