Landlords Deposit Scheme Guide
How it works
Maldon District Council offer a deposit bond scheme and a cash depostit scheme.
The scheme offers landlords a legally binding deposit bond in place of a cash deposit. It is designed to help people access housing they desperately need. The accommodation may be furnished or unfurnished but should be in a reasonable condition.
By using our scheme, you will receive a legal contract stating that the Council will pay for damage to the property up to the value of the bond.
The cash deposit is replaced by a written guarantee. This can represent up to one months' rent and acts as financial security against unpaid rent, property damage, or missing items. Outstanding untility or other bills are not covered nor is fair wear and tear.
Where a landlord is unable to accept a bond, the scheme may provide a cash deposit which must be protected in a recognised deposit protection service.
We are able to refer potential tenants to you although we cannot give references. This could save you advertising costs and agency fees.
If you need to make a claim contact us.
What you need to do
If you are interested in future tenants using this scheme, please contact us. The prospective tenant also needs to speak to us so that we can take their details and verify that they are eligible for the scheme.
We will need copies of the
- inventory which lists household items and describes their condition
- signed tenancy agreement
- gas and electricity safety certificates
- energy performance certificate
We will send you a copy of the damage deposit bond and agreement. The guarantee bond is available for a maximum of 2 years after which the tenant will need to fund the damage deposit themselves.