NLA Deposits, Damages and Disputes
Just 450 yards from A1(M) junction 62. Take A690 to Sunderland. Straight on at lights. 200 metres after rail bridge turn right.
Nearest airport: Newcastle
Nearest train station: Durham
Nearest motorway junction: A1 junction 62
Get peace of mind and stay within the law, with this comprehensive half-day course that covers the principles of deposit protection, managing and avoiding disputes. It covers how to handle deposits safely, advice on creating robust inventories, and an overview of best practice tenant referencing procedures. It will also encourage your tenants to end their tenancy correctly, so they don’t incur losses on their deposit.
A recent development in UK law introduced Deposit Protection Legislation, making it a legal requirement to protect your tenant’s deposit and provide the relevant information regarding it, within a critical deadline. Failure to comply with deposit protection legislation can result in several penalties, including fines and losing your ability to regain possession of the property (under a section 21 eviction notice).
Our expert team will:
- Help you avoid fines and penalties
- Teach you how to handle your tenants’ deposit directly
- Advise you on ways to avoid end of tenancy damage
- Advise you on how to avoid rent arrears
We offer guidance on creating an inventory and schedule of condition, how to minimise disputes at the end of tenancy and how to obtain a successful outcome in the event of any dispute arbitration.
- What is a tenancy deposit?
- Tenancy deposit protection
- Tenancy agreement and prescribed information
- Referencing and selecting tenants
- The importance of an inventory
- Check in and check out processes
- What falls under fair wear and tear
- How to calculate the value of damages
- Teach you how to successfully manage claims and arbitration
As an NLA Director, Representative and Trainer in the North East since 2011, Steve Simpson will already be familiar to many NLA Members in the region.
Steve has worked closely with the NLA for a number of years, originally as National Sales Manager for NLA Mortgages, and for the past five years he has been NLA Representative for the North East, covering County Durham and Tees Valley. “I feel I know the NLA as an organisation, what it stands for and how it assists landlords.”
In addition to his experience of being a landlord, Steve brings to the NLA Board his wide-ranging skills of working at senior management and board levels in financial services and a local association, and feels that at this stage in his career he can devote the necessary time, energy and commitment to the role of Non-Executive Director. “The private rented sector is going through some significant change currently,” he commented. “I am a small and therefore typical landlord. If I wasn't a member of the NLA, I am sure I would struggle to keep up to date with the changes,” he adds. “While there are challenges, there is also a bigger need than ever for landlords to use the NLA to assist them with their investment and properties, so this represents a significant membership opportunity that I hope to help the NLA capture.”
Steve has held senior positions with Keystone Buy to Let Mortgages (a joint venture between Aldermore and Mortgages for Business) as well as with the Business Mortgage Company. “During my time in financial services, I was successful in developing strong commercial relationships and sponsorship, and I feel I can assist the NLA in these areas.