4 Apr 2007

And only 2 days to go to.....

And only 2 days to go to the introduction of the long awaited tenancy deposit schemes under the Housing Act 2004. From the 6th April 2007, landlords who accept deposits (bonds) from new assured shorthold tenants will be required to pay the deposit into a custodial scheme or if not pay into an insurance scheme. The landlord will also be required to provide written information to the tenant about where the deposit is held or risk paying the tenant compensation. If a landlord fails to protect the deposit under any of the schemes then s/he will not be able to serve a section 21 (no grounds) notice. More details available from CLG.

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