Nicholas James
Sales & Lettings: 020 8886 9462
Accounts/Management: 020 7195 0107
020 7195 1746

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How can we assist you?

Should you have a property for sale or rent and you want to get the best price for it, then to arrange a valuation is a very good start.

If you have any other questions, please do not hesitate to call your local Southgate estate agents, Nicholas James, on 0208 886 9462.

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Tenancy Deposit Scheme

Since 6th April 2007 all deposits taken by landlords must have been safeguarded by one of four Government approved schemes. Landlords can choose which scheme they wish to use and must safeguard each deposit and inform the tenant which scheme has been used within 30 days of receiving the deposit. The Government has awarded contracts to four companies to run its tenancy deposit schemes which 3 are insured based schemes and one custodial scheme.

All landlords must comply with these regulations. Failure to observe the rules & regulations regarding Assured Shorthold Tenancies are harsh:

The Court can make an order stating that you/the Landlord must pay the deposit back to the tenant. In addition to this:

  • The Court can make a further order requiring you/the Landlord to pay compensation to the Tenant of between one and three times the amount of deposit.
  • The Court could order further costs
  • Whilst non-compliant, the landlord will forfeit the right to serve a Section 21 Notice to repossess the property (until either the landlord returns the deposit to the tenant in full or with such deductions as the tenant agrees; or if the tenant has taken proceedings against the landlord for non-protection and those proceedings have been concluded, withdrawn or settled.

If you have any other questions, please do not hesitate to call your localSouthgateestate agents, Nicholas James, onĀ 0208 886 9462.

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