From 6 th April 2007 your Landlord or letting agent must protect your
deposit using one of the three Government approved Tenancy deposit
schemes. The reason for the changes are two fold. Firstly to ensure
that if you are entitled to get your deposit back at the end of the
tenancy you receive it promptly and secondly to encourage Landlords and
tenants to settle their disputes through alternative dispute resolution
rather than the courts.
At the start of the tenancy
You will still pay your deposit to your Landlord or Letting agent at the start of the tenancy in the normal way. Within 14 days the Landlord or letting agent must provide you with certain prescribed information including:
Which of the three authorised schemes they are using
How to apply to get your deposit back at the end of the tenancy
An explanation of the purpose of the deposit
What to do if there is a dispute
What to do if your Landlord or letting agent doesn’t provide you with the prescribed information
You can apply to the county court to force your Landlord to protect
your deposit. If it is shown that your deposit has not been protected
the court must order the Landlord to repay you three times the deposit.
Recording the condition of your rental property
It is expected that the new regulations will encourage more Landlords
to produce detailed inventories including photographs. The inventory
acts as a record of the condition of the property at the start of the
tenancy. If you are not provided with an inventory you should request
one from your Landlord. If it is not forthcoming you would be wise to
produce your own photographic record and send a copy to the Landlord.
At the end of the tenancy
If there is no dispute between you and your Landlord or agent the
deposit will be divided as per your agreement. The new regulations
state that this must be done within 10 days of the tenancy ending..
If a dispute arises
If you cannot agree with your Landlord as to how much of your deposit
should be withheld then the two parties have the right to go to
alternative dispute resolution. This service is provided free by the
scheme protecting your deposit.
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