BUSINESS OBJECTIVES ACHIEVED
Since the 6th April 2007 landlords who take tenancy deposits in relation to an Assured Shorthold Tenancy ("AST") have to protect them in one of the Government approved schemes and must provide the tenant with 'Prescribed Information' about the deposit scheme.
Landlords must ensure that the prescribed information is fully completed and that the requirements of the deposit protection scheme have been complied with.
Landlords must comply with these requirements within 30 days of receiving the deposit.
Landlords should be aware that failing to comply with deposit protection rules can have serious consequences:
If you are a tenant and have not had your deposit either protected or returned, we may be able assist you in recovering the deposit and claiming compensation on your behalf.