NLA: 'TDS needs better understanding'

There are calls for a "better understanding" of tenancy deposit scheme (TDS) regulations.

The National Landlords' Association (NLA) says that further regulation would not be helpful and appeared to support suggestions that tenancy agreements should be simplified.

Buy-to-let property investors have been required to sign up to a tenancy deposit scheme since they were launched in April of this year.

The idea behind them was to offer tenants more protection when it comes to retrieving a deposit once a tenancy agreement has come to an end and the NLA says that this has certainly been the case.

"The regulations automatically protect the tenant – that was their purpose – they do provide some protection to the landlord but the assumption is that [the tenant] needs it more," commented Elizabeth Brogan, senior policy officer at the organisation.

"I certainly don't feel that there is more regulation needed. There needs to be better application and better understanding of the regulations as they are.

"The Law Commission have been calling for simplified tenancy agreements which would make everybody's lives easier," she added.

A Hometrack report recently cited the buy-to-let sector as having a key role to play in easing the UK's housing affordability problems.

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