Any Need to Refund Excess Deposit

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    Any Need to Refund Excess Deposit

    Hi

    Tenants moved into property February 2019 - I took a 2 month deposit. I have not renewed the tenancy but it has gone periodic since February 2020. I believe it was from 1st June 2019 that we were not allowed to take more than 5 weeks rent as deposit and when renewing a tenancy, any excess is to be refunded.

    Should I be refunding the excess even though I have not renewed their tenancy.

    Many thanks
    Claymore

    #2
    You don't have to.
    So it's up to you.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      Originally posted by jpkeates View Post
      You don't have to.
      So it's up to you.
      That's great. Thanks.

      Comment


        #4
        From Landlord Vision site:
        Deposit.png

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