Eddie Hooker, mydeposits CEO, shares his thoughts on taking rent in advance instead of a deposit.
I’ve followed the recent news discussions in Jersey about taking advanced rent versus taking a deposit with interest, so before I share my thoughts it’s worth a quick recap on the purpose of the law.
Tenancy Deposit Protection has been introduced by the States of Jersey as part of number of measures aimed at improving the rental sector. Landlords un...Read more
Maintaining your property is one of the most important and time-consuming aspects of being a landlord. This becomes even more apparent in winter due to the new host of issues its infamous weather brings us each year.
The reality of such property problems during winter can feel daunting to face alone, which is why we’ve come up with 7 tips to help you maintain your property in the cold and harsh conditions that we all bear each year.
Hopefully our tips will either help you feel m...Read more
During the festive period we will be operating our normal hours of 8.30 - 17:30, Monday to Friday apart from on the dates specified below:
During this period you can still join mydeposits Jersey online and manage your depos...Read more
Following our recent dispute workshops with Jersey residents, we wanted to share the answers to some of the most common questions that were raised across the two days;
mydeposits Jersey and Community Savings, the Jersey charity that focuses on providing financial advice and support, are delighted to announce a local support relationship that will offer Jersey residents face-to-face advice on tenancy deposit protection.
From the 2 November 2015 new legislation comes into play that will require all landlords and letting agents to protect their tenant’s deposits with mydeposits Jersey, a scheme authorised by the States of Jersey to administer tenancy d...Read more
Tenancy deposit protection (TDP) legislation has been introduced by the States of Jersey to protect tenants’ deposits. We’ve received a few questions on how we, in turn, keep the deposit money safe whilst we’re holding it, and also what happens to the interest generated by the deposit.
Firstly, mydeposits had to undertake a detailed tender process, which placed a major emphasis on demonstrating our sound financial standing to the States of Jersey.
How we hold the dep...Read more
Landlords and letting agents are being urged to prepare for the arrival of tenancy deposit protection on 2 November 2015.
The scheme administrator, mydeposits Jersey, who signed contracts with the States of Jersey on the 17 September have invited landlords and letting agents to join the scheme early from 1 October, and have also announced a series of free workshops in October in the build-up to the go live date.
Eddie Hooker, CEO of mydeposits Jersey commented:
“From...Read more
The Jersey Government has today signed contracts with tenancy deposit protection (TDP) scheme mydeposits Jersey to protect tenants' deposits from being unfairly withheld at the end of the tenancy.
The new scheme which begins on the 2nd November 2015, will mean that landlords and agents in Jersey will now have to protect their tenants' deposits with mydeposits within 30 days of receiving it or risk financial penalties of up to £2000.
It's expected that the introd...Read more
Tenancy deposit protection (TDP) legislation goes live on 2 November in Jersey. Here's a quick overview of what it means for tenants, landlords and letting agents and how it will help to improve the private rented sector in Jersey.
What is tenancy deposit protection?
Tenancy Deposit Protection has been introduced to:
