What is tenancy deposit protection?
Asked on Feb 3 2010,
General in Birmingham |
As part of the Housing Act 2004 the Government introduced tenancy deposit protection for all assured shorthold tenancies (ASTs) in England and Wales where a deposit is taken. From April 6th 2007, all deposits paid under an AST have had to be protected within 14 calendar days of receipt by the landlord.
The legislation aims to ensure that tenants who have paid a deposit to a landlord or letting agent and are entitled to receive all or part of it back at the end of that tenancy, actually get it.
There are various approved schemes under the legislation and forfeits for non compliant landlords.
Answered on Feb 21 2010,
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