David Cox and James Davis Video Series: Alternative Deposit Schemes for 2018
Upad CEO James Davis is joined by ARLA Propertymark Chief Executive David Cox to discuss tenant deposits. James first introduces the new, but growing, trend of companies offering insurance policy style payments rather than a one-off deposit payment. These will reduce the amount of money tenants need to find upfront, but are they a true alternative to the tried and tested model to taking a tenancy deposit? Could tenancy deposit schemes as an alternative to taking a deposit upfront fall within the Government's proposed tenant fees ban, and thus be killed before they have the chance to become widespread across the private rental market?
For further information about proposed tenancy deposit alternatives and schemes, you can register free with Upad to access exclusive guides and advice tailored specifically for private landlords.