Landlords: Are you complying with the tenancy deposit scheme?
Recent changes in the law relating to tenancies have proved a timely reminder for landlords about the tenancy deposit scheme.
Where a residential property is let under an assured shorthold tenancy and the tenant pays the landlord a deposit that deposit must be kept in a government-approved scheme.
It is not unusual to find landlords who are not complying with this requirement, even though this has been in force for over eight years. Some landlords genuinely do not know about this requirement and others know about it but choose not to comply. Either way, the law provides some harsh penalties for landlords who ignore it.
Our estate agency and rental property management arm, Boococks, can guide landlords through this process as part of their property management service.
For expert legal advice on all civil matters, contact Nick Berry at our Halifax office on 01422 339 600.
Find out more about Wilkinson Woodward's dispute resolution services.