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Deposit Problems

Although deposit legislation has now been with us for a period of over 5 years it concerns us that many private landlords do not understand or even know of the tenancy deposit rules. Hence, many landlords only discover they have breached the rules, when the tenant points it out. By that time, the tenant may well think they have gained the upper hand and hold the landlord to ransom.

There are still ways to rectify any unintentional breaches of the deposit rules and we can offer constructive advice in limiting any damages that could be claimed against you.

As a general rule of thumb, if you have taken a deposit it must now be protected in one of the 3 deposit schemes and you must serve notification of this upon you tenant together with documentation which is known as prescribed information. If you are unable to undertake these tasks, you would leave yourself open to a compensatory claim against you and you will end up being left with a tenant against whom proceedings can not be commenced. All is not lost and although time is of the essence in proceedings, we are here to help and make sure that you are protected.

For further help and advice regarding deposit legislation and the deposit rules, contact our landlord and tenant/housing specialists today for an initial cost free telephone overview of your circumstances. Please telephone Chris Palucsis on 01935 382687 or Ella Carroll on 01935 385984, or alternatively, complete our online enquiry form and a member of the team will contact you as soon as possible.
 

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