Hi all,
I have two tenants who paid their deposits to the letting agent mid last year. He told me he had deposited them. I've now discovered they have not been deposited having searched in the schemes websites. The LA has closed his office and I have no address for him. He rang me recently to say he's still in business and is working from home and made various excuses. He was not registered with any estate agents bodies as far as I can see. He had been trading for nearly 20 years so I went with him as he was very helpful in advising me and was reasonable pricewise. He was still advertiising a property to rent on Zoopla in Jan15. Nothing now.
What are my options now to get the deposits off him back to the tenants so that we can deposit them correctly in a scheme. He also owes me initial rent paid to him from the tenants less his fees. I know he lives locally and could probably track his address down.
As you can guess I'm fairly new to this all hence naivity of not checking him out before dealing with him.
Thanks for any suggestions.
I have two tenants who paid their deposits to the letting agent mid last year. He told me he had deposited them. I've now discovered they have not been deposited having searched in the schemes websites. The LA has closed his office and I have no address for him. He rang me recently to say he's still in business and is working from home and made various excuses. He was not registered with any estate agents bodies as far as I can see. He had been trading for nearly 20 years so I went with him as he was very helpful in advising me and was reasonable pricewise. He was still advertiising a property to rent on Zoopla in Jan15. Nothing now.
What are my options now to get the deposits off him back to the tenants so that we can deposit them correctly in a scheme. He also owes me initial rent paid to him from the tenants less his fees. I know he lives locally and could probably track his address down.
As you can guess I'm fairly new to this all hence naivity of not checking him out before dealing with him.
Thanks for any suggestions.
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