Landlords Leaflet
What is a Bond?
A Bond is a written guarantee that takes the place of a cash deposit. It operates the same as a cash deposit and is payable at the end of a tenancy if there are rent arrears, theft or damage.
This is a cash free alternative to the Tenancy Deposit Protection Schemes introduced in April 2007, which asks landlords to lodge cash deposits into a custodial scheme, or pay an insurance premium, if they wish to hold the deposits themselves.
Who is the service for?
We are a charity that works with homeless single people, couples and families who are seeking accommodation in the private-rented sector and are unable to raise the cash deposit required to move into a new tenancy.
How does it help Landlords?
We can:
- Help you find tenants.
- Assist clients to make an accurate Housing Benefit claim.
- Work with Housing Benefit to reduced delays and if a problem arises.
- Explain Local Housing Allowance, introduced from April 2008.
- Offer the tenant support to maintain their tenancy.
- Offer advice if you are having any problems with your tenant.
- Keep you informed of the latest changes in law and benefits which affect you.
- Keep you updated on Accreditation and Regeneration initiatives.
- Offer you materials and training that can help you to manage your properties.
If you do need to make a claim, we aim to keep the process as simple as possible.
What do we ask of Landlords?
- That you act in a responsible and lawful manner.
- The property and any furniture should pass the legal basic fitness standard.
- The rent should be affordable and appropriate for the tenant.
- A tenancy agreement in plain English should be issued and explained to the tenant prior to signing.
- That you are not resident in the property or providing B&B accommodation.
Want to know more?
Please contact your area office for more details about the service that we provide and to find out how much of a Bond we may be able to offer your property.
Bolton: 01204 546 130
Rochdale: 01706 342 404
We are here to help you become one of the increasing number of landlords working with us and enjoying the benefits and security that The Bond Board can bring.
