Landlords - Rents and Bonds



How much rent can I charge?


In deciding how much rent you should charge, you should take account of what would be deemed reasonable for the size, condition and location of the property. You should also take account of the rents being charged for similar properties in the area or you might price yourself out of the market.




What is Local Housing Allowance


Local Housing Allowance arrangements set the maximum amount of Housing Benefit that can be awarded to a household based on the size of property (i.e. the number of bedrooms) they need. The rates are set locally and are published by local authorities. If the amount of rent you charge is higher than the local housing allowance entitlement of the household renting your property, they will be responsible for paying the difference.



Can I keep the bond myself until the tenant moves on?

Since 6th April 2007 it has been a legal requirement for all deposits (for rent up to £25,000 per annum) taken by landlords or letting agents for assured shorthold tenancies to be protected by a tenancy deposit protection scheme. There are three schemes available, two of which are insurance-based and which allow the landlord to keep the deposit as long as they pay a premium to the scheme, and one custodial scheme which holds the bond on behalf of the landlord (free of charge) until the end of the tenancy.

Remember: You must give the tenant details about how their deposit has been protected within 14 days of receiving it. Failing to protect a bond/deposit can result in court action and a requirement to repay the bond and a fine of 3 times the amount of the bond. It may also mean that you will may not be able to gain possession of property at the end of the tenancy.

For more information about tenancy deposit protection visit Directgov.



Will Housing Benefit be paid direct to me?


Housing Benefit is generally paid direct to the tenant who is then responsible for paying the rent. However in certain circumstances, for instance if there are substantial rent arrears or if the tenant is likely to have difficulty in managing their financial affairs, payment may be made direct to the landlord. Visit the Anglesey County Council website for more information or contact Anglesey Council's Housing Benefit Team on 01248 752226.



What if my tenant is struggling to manage?

Support can be provided to help people who are having difficulties with tenancy-related issues. Tenants in this situation should be advised to contact the Council's Housing Options Service, or another professional such as their GP. Support and advice regarding a range of issues such as budgeting/debts, benefit claims and mental health/counselling can be provided.