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My estate agent Property Magnate, E16 has stopped trading and disappeared whilst holding my tenants £1500 deposit.The deposit is being protected by mydeposit.co.uk However, mydeposit are stating that the agent is acting on behalf of me and I am liable for the deposit as and when my tenant decides to move out.
They have underwritten this deposit yet it seems this insurance company will not protect me, the landlord, an innocent victim of the demise of an estate agent.
What are the chances of the small claims court forcing the mydeposits.co.uk to pay up on their insurance for the lost deposit?
Thanks in advance.
Steve
My estate agent Property Magnate, E16 has stopped trading and disappeared whilst holding my tenants £1500 deposit.The deposit is being protected by mydeposit.co.uk However, mydeposit are stating that the agent is acting on behalf of me and I am liable for the deposit as and when my tenant decides to move out.
They have underwritten this deposit yet it seems this insurance company will not protect me, the landlord, an innocent victim of the demise of an estate agent.
What are the chances of the small claims court forcing the mydeposits.co.uk to pay up on their insurance for the lost deposit?
Thanks in advance.
Steve
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