THE PROFESSIONAL ASSOCIATION FOR LANDLORDS

MEDIA PORTAL

DEPOSIT TAKEN BY LANDLORD

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If you take a deposit you must (for all AST’s);

  • Protect the deposit with an approved scheme, and
  • Give tenant and all interested parties the prescribed information about their deposit and the deposit scheme.

Within 30 calendar days of physically receiving it (from April 6th 2012)

 

Available schemes:-

Important

  • Do you have to protect your tenant’s deposit?
  • Have you read and understood the scheme rules?
  • Have you provided the Prescribed Information?
  • If in doubt seek advice from the scheme administrator

Penalties

    • Up to 3 times deposit fine payable back to tenant;
    • Can’t issue section 21 notice until full deposit returned to tenant.

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iHowz
Riverside Centre,
River Lawn Road,
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TN9 1EP

01732 56 56 01
info@ihowz.co.uk