Deposit money - TDS - use as rent money

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Deposit money - TDS - use as rent money

    Apologies in advance if this turns out to be a silly question but i was wondering if you anyone could let me know if the tenant and landlord agree to use the deposit money as rent money is this allowed? The deposit money has been logged with TDS, unfortunately the tenants have come across some financial problems and have asked to do this. The property is in good order and i believe very soon they will be in a sound financial position again. Can i therefore remove the money from the TDS?
    Thanks in advance.

    #2
    I have no idea if it's legal or not but ARE YOU MAD! They are in financial difficulties but you aren't worried about the rent being paid? Just tell them it can't be done.

    Comment


      #3
      Originally posted by MaryQK View Post
      Apologies in advance if this turns out to be a silly question but i was wondering if you anyone could let me know if the tenant and landlord agree to use the deposit money as rent money is this allowed? The deposit money has been logged with TDS, unfortunately the tenants have come across some financial problems and have asked to do this. The property is in good order and i believe very soon they will be in a sound financial position again. Can i therefore remove the money from the TDS?
      Thanks in advance.
      The money is there as damage deposit, I agree with Kathryn- don't do it.

      Comment


        #4
        Ok theoretically lets say Yes ...use it as rent .....NOW demand immediate re-instigation of missing deposit ...........

        ie NO DO NOT DO THIS ........

        Be clear with T rent is rent ........dep is dep .............now then ...where is the rent ?

        The Rodent
        A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
        W.Churchill

        Comment

        Latest Activity

        Collapse

        • Reply to Property damaged. Advice please
          by Hudson01
          I can see that from a laymans point of view that is correct, but when you talk/deal with individuals who have attempted suicide it's simply not the case, if this was a genuine cause for concern and the Police forced entry they did it in the belief that his life was in danger, from himself probably....
          22-01-2022, 20:56 PM
        • Property damaged. Advice please
          by minorbark
          Apologies if something similar has already been covered elsewhere. I did try to search but couldn't find anything that matched my situation particularly closely. A huge thanks in advance to any of you who do take the time to read and advise.

          TLDR version: Police have forced entry into my...
          18-01-2022, 21:55 PM
        • Reply to Garage left filled with tenant's goods
          by theartfullodger
          When I bought a house in 2000 in the Highlands it came with a garage: Which had a car in it. Belonged to a neighbour, who used it to sleep in when he'd been in the pub too late & his wife locked him out. Took me 6 months to sort...
          22-01-2022, 18:51 PM
        • Garage left filled with tenant's goods
          by robbo2233
          Hi! Hoping the forum can advise me. We have a lock-up garage in a residential estate that had been let to an individual who ceased to pay monthly rental. Notice to quit was served by our letting agents Countrywide in October, and yet the tenant's goods still remain in situ. Agents have advised...
          20-01-2022, 21:31 PM
        • Reply to Property damaged. Advice please
          by Lawcruncher
          The point here is though that the tenant's obligations under the tenancy cannot extend to repairing parts of the property which the landlord is under an obligation to repair.

          Outside the tenancy, anyone, including a tenant, who damages property must meet the cost of repairing the damage....
          22-01-2022, 18:45 PM
        • Reply to Labour taxation plans
          by theartfullodger
          May I quote the Telegraph. on Sunak's kind gift of the highest tax burden for quite some time....

          https://www.telegraph.co.uk/business...tax-burden-70/
          22-01-2022, 18:10 PM
        • Labour taxation plans
          by steaming
          Rachel Reeves R4 this am told the interviewer that Labour (when in power) would raise money by taxing those with BTL property much more than at present, she opined it was wrong that “they” were “getting away with it”. No challenge from BBC or fact check as to present tax. You are warned.
          20-01-2022, 16:55 PM
        • Reply to Labour taxation plans
          by SouthernDave
          The limited company system has been abused for too long by people trying to save on tax by claiming they are a company. I know loads of people of set themselves up as limted companies and have now been caught by IR35. They have spoiled it for those of us who have proper companies to rub who used to...
          22-01-2022, 17:55 PM
        • Reply to Labour taxation plans
          by SouthernDave
          Agreed. Peoples care should not be down to those who work hard, to take from their labours. The levy is a joke and im disappointed in the conservatives for doing it.
          22-01-2022, 17:52 PM
        • Reply to Greetings, I Come in Peace
          by SouthernDave
          I thought the main issue of taking a tenant on UC is not so much the fact they are receiving benefits, but the fact that its a pain in the proverbial to evict as the council tell them to sot tight until forced out by bailiffs....
          22-01-2022, 17:47 PM
        Working...
        X