Although there was a penalty for not protecting the deposit or issuing prescribed information, there was no penalty for not doing so within the original 14 day limit.
Register in minutes, transfer the deposit.
Tenants can also now make an application to a county court for a penalty award after the tenancy has ended.
Therefore, on the 31st day after the payment of the deposit money to the landlord the tenant can make an application to the court if the money has not been protected and the prescribed information given.To protect deposits in Scotland click here to visit their website.Finalist, landlord and Letting Awards 2014: Customer Service.Protecting deposits in Northern Ireland, the Dispute Service operates Tenancy Deposit Scheme Northern Ireland Ltd, which offers both custodial and insurance based schemes.It is free to use and the landlord or letting agents can simply pay the deposit online or over the phone.From April 2013, the DPS also offered an insurance-backed scheme, and from April 2016, the TDS and MyDeposits both started offering a custodial scheme.Youll both be asked to provide evidence, and the decision made about your deposit will be final.Localism Act 2011, taking effect from The.The claim will be for the return of the full sum of the deposit along with a penalty of between one and three times the sum of the deposit, to be awarded at the discretion of the Court.Our custodial scheme means that you joined tipico 100 euro bonus mydeposits for free and transfer the deposit money to us to hold.Bond schemes are an alternative for those unable to afford a deposit.Landlord and Letting Awards 2014: Public Service/Not for Profit.
If this is how you protect your deposits, then use: Landlord login or, business login, landlord login.Shortlisted, want to know more?The landlord or letting agency has 30 days from receipt of the deposit to provide the tenant with details of the scheme that they are using (known as the prescribed information).England and Wales must protect the deposit under an authorised tenancy deposit scheme.Not sure if your deposit is protected with mydeposits?If there is no dispute at the end of the tenancy the deposit will be returned to the two parties as agreed.Under the provisions of the, united Kingdom, housing Act 2004 every landlord or letting agent that takes a deposit for an assured shorthold tenancy.
If you feel you have been affected by one of these scams, please either contact TDS or report the issue immediately to the property portal you found the advert and.
Business login, were here to safeguard your deposit.
These can offer landlords protection without having to take a deposit.
Skip to main content, if theres a dispute over a deposit.