Statements
- Landlord Statements of account clearly show all transactions of receipts and payments made on their behalf and provided at regular intervals and upon demand in between.
- The statement will included:
- Rent
- Any maintenance retention (with the landlords pror consent, in addition to any intermediate top ups to maintain such "float").
- Agency Fees and Commission (these must never be taken from a tenant deposit - only from the landlord or the landlord's rent by prior consent).
- Expenditure:
- Maintenance costs etc.
- Income other than rent e.g. refunds.
- VAT where applicable.
- Tenant Statements of accountclearly show all transactions of receipts from the tenant and the due date of rent , bills , deposit, damages and other payments charged to the tenant and provided at regular intervals and upon demand in between by the tenant.
- The statement will included:
- Rent
- Fees
- Expenditure:
- Deposit
- Damages
- Utility bills
- Income other than rent e.g. refunds.
- VAT when applicable.
- Such documents must be retained for 6 years for tax purposes.
- Statements of intent are communications to and from the landlord, tenant, letting agent and any other body.
- This sets out he intentions of the parties to avoid confusion or later dispute and to establish clear authority to act as a advised.
- These can be oral (parol) or written.
Published: 11 November 2013
Last Updated: 17 November 2021