Real Estate Tenant Engagement

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  • View profile for Nabeel Shaikh FCA, MSc, FMVA, CME-1

    Strategic CFO | Finance Transformation & AI | M&A, IPO & Fundraising | Startup Advisor | ex-PwC, KPMG, LG, SNB & Riyad Capital | FCA, FMVA, MSc, CME-1 | 450k+ Combined Followers & Top 50 LinkedIn Voice | 5x Co-founder

    59,742 followers

    When I rented a furnished apartment in Leeds, UK, I deposited £2,500, trusting the process, the property manager, and the system. Three years later, as the tenancy ended, I received a working from the company managing the apartments. Their proposal? ❌ Deduct the entire deposit ❌ Charge an additional £500 ❌ Justify it by claiming carpets, mattresses, and furniture needed replacement No mention of wear and tear. No recognition that depreciation is a natural consequence of use, already priced into the rent. Just a blunt invoice and a quiet assumption that I’d accept it. But here’s where 𝗧𝗗𝗦 (Tenancy Deposit Scheme) enters the chat. I responded, calmly but firmly: - Highlighting that depreciation had been ignored - Reiterating that I owed nothing beyond fair use - Requesting a rational breakdown if any deductions were to be made - Making it clear that I’d escalate the matter to TDS if needed 𝗪𝗶𝘁𝗵𝗶𝗻 𝗱𝗮𝘆𝘀, 𝘁𝗵𝗲 𝘁𝗼𝗻𝗲 𝗰𝗵𝗮𝗻𝗴𝗲𝗱. A revised working arrived. And I recovered a significant portion of my deposit. This isn’t just about money. It’s about consumer protection, regulatory clarity, and knowing your rights. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗧𝗗𝗦 𝗮𝗻𝗱 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 The Tenancy Deposit Scheme (TDS) is a UK government-backed initiative that protects tenants’ deposits under Assured Shorthold Tenancies. Landlords must register deposits within 30 days and provide clear documentation. If disputes arise, TDS offers free, impartial resolution, ensuring fairness without costly legal battles. It protects tenants from: - Unjustified deductions - Delayed refunds - Exploitative practices And it protects landlords by: - Offering a structured resolution process - Reducing litigation risk - Promoting transparency 𝗪𝗵𝘆 𝗢𝘁𝗵𝗲𝗿 𝗖𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗦𝗵𝗼𝘂𝗹𝗱 𝗣𝗮𝘆 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 In many regions, tenants face arbitrary deductions, withheld deposits, and opaque processes. Adopting a TDS-style framework could: - Elevate rental standards - Empower tenants with enforceable rights - Reduce landlord-tenant conflict - Build trust in rental markets Whether you're a tenant, landlord, policymaker, or advisor, TDS is a blueprint for dignity and fairness. #ConsumerRights #TDS #financialliteracy #negotiation

  • View profile for Becky Clarke

    Helping property investors protect their portfolios through smarter management | Founder of Amhurst Lettings | Construction-backed expertise | Nottingham & Leicester

    7,343 followers

    "What do I do if the tenant doesn't pay?!" Here's the exact framework we use to reduce arrears: Under the Renters Rights Act, a landlord now needs 3 months of arrears before notice can be issued for possession. The notice period itself has doubled, from 2 to 4 weeks so early action matters! DAY 1: CALL, DON'T ASSUME! Rent hasn't paid. A phone call or message (or both) goes out the same day in a supportive tone (this is important). "I see your rent hasn't come in, is everything okay?" The goal is simple: find out if they CAN'T pay or WON'T pay because these are two completely different problems with different solutions. DAY 7: VISIT AND DOCUMENT If there's no response after a week, a visit gets arranged and a written letter goes out. If the tenant is on Universal Credit, this is the point to apply for direct payments from their benefit. DAY 30: FORMAL NOTICE & GUARANTOR INFORMED Still no payment? A second letter is issued and the guarantor, if there is one, is notified. The tenant is told a Notice Seeking Possession may follow, while also being reminded that a payment plan is still available. DAY 60: CLEAR NEXT STEPS A third letter explains exactly what happens next: money claim or notice seeking possession and the guarantor receives an updated invoice in parallel. DAY 90: SECTION 8 CAN BE SERVED This is the earliest point a Section 8 notice can legally be issued and the guarantor is named on it too. Courts now expect alternative dispute resolution to have been attempted before this stage which is exactly why the paper trail from the start matters so much. Every single stage needs to be documented including: phone calls, letters, dates and responses. This is probably the biggest fear landlords have when taking on a new tenant but it doesn't need to be. Has your agent ever actually walked you through what they do on day one of a missed payment?

  • View profile for Josh Appelman

    🏆 I Buy, Fix & Transform Distressed Multifamily | Owner-Operator | AI Systems Expert | In-House Teams | Builder | Closer | Podcast Host

    13,196 followers

    Security deposit disputes used to cost us more time than the deposits were worth. We had three contested move-outs in one quarter. Every one came down to the same problem. Our documentation at move-in was a paper checklist and a few photos taken on someone's phone. No timestamps. No video. No signed acknowledgment from the tenant. Now every unit gets a 4-step process before we hand over keys. Step one. Walk the unit with the tenant present and record video of every room. Narrate the condition out loud. Timestamp is baked into the file. Step two. Photograph every surface individually. Countertops, floors, appliances, inside cabinets, window screens, closet doors. Not 10 photos. More like 60. Step three. Fill out the written condition report together, on-site, with both parties signing. Every item is rated: new, good, fair, or damaged. Damaged items get a photo reference number. Step four. Upload the full package to the tenant's file the same day. Video, photos, signed report. All of it linked to the lease start date. Since we started this, disputed deposits dropped to near zero. The documentation does the work. There is nothing to argue when both sides signed off on the condition at move-in. The best part is it takes less than 20 minutes per unit. Twenty minutes that saves hours of back-and-forth, legal exposure, and turnover friction. If you are still doing move-in inspections with a clipboard and three photos, you are building a liability file, not a documentation file.

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