1 / 10

Nick Hankey Deputy Chief Executive

Tenancy deposits in 2 0 minutes!. Nick Hankey Deputy Chief Executive. Reminder: What you must do. Comply with our ‘initial requirements’ by registering the deposit Serve Prescribed Information and a scheme leaflet (including at renewal). The penalties. Return the deposit

caroun
Download Presentation

Nick Hankey Deputy Chief Executive

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tenancy deposits in 20 minutes! Nick HankeyDeputyChief Executive

  2. Reminder: What you must do Comply with our ‘initial requirements’ by registering the deposit Serve Prescribed Information and a scheme leaflet (including at renewal)

  3. The penalties • Return the deposit • Fine of between 1 & 3 times the deposit • Be unable to use a Section 21 notice

  4. Who went wrong?

  5. Superstrike explained It was determined that it should have been protected

  6. In the Superstrike scenario? Protect the deposit now If you haven’t served PI for a historic renewed tenancy, you have three options A fine may be unavoidable if the tenant takes matters to court (see detailed guidance on the TDS blog)

  7. Myth busting… “ I heard I need to ‘reprotect’ the deposit for each new fixed term and end protection for the old deposit because of Superstrike ”

  8. What’s new?

  9. Useful info!

  10. @tenancydeposits Tenancy Deposit Scheme TDS Member Agents Tenancy Deposit Scheme

More Related