Return deposit or protect?

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  • Return deposit or protect?


    After not receiving this months rent and being told by tenants that 'cards were maxed out over xmas ' and that the 'money is not there at the moment but will be paid with next mnths rent' (which i highly doubt) need some advice. As a new landlord who foolishly hasn't protected his tenants deposit, going forward what would be the best course of action as obviously i may have to serve a valid sec 21 and perhaps section 8 if next mnth isnt paid-enter into a scheme now or give the deposit back to tenants or suggest to use as rent for this month..(in month 5 of 6 month AST)

  • #2
    Put the deposit into a scheme now. You are storing up trouble if you don't.
    I offer no guarantee that anything I say is correct. wysiwyg


    Latest Activity


    • Tenant threatens legal action
      Hi all

      A former tenant of mine whom moved out without giving 4 weeks notice as per his contract is threatening legal action over a deposit which I did not protect in time and was returned to him in full once the admin error was realised (my farther usually deals with the paperwork)
      16-08-2017, 16:16 PM
    • Reply to Tenant threatens legal action
      Without wishing to sound rude, you don't sound at all competent to head this off without help.

      I'd recommend you instruct a good solicitor specialising in property to deal with this on your behalf.
      22-08-2017, 05:09 AM
    • evicting a tenant
      Hello there, I have been renting my property for the last 2 and a half years and have been doing so with a 6 month AST contract. At the end of the current contract (which I renewed last weekend) I wish to take the property back, I stated this to my tenant before the tenant signed the current contract...
      20-08-2017, 14:49 PM
    • Reply to evicting a tenant
      Get a new GSC arranged. A valid GSC is a requirement during any Tenancy..
      T does not have to vacate on expiry of Repo Notice, she could remain your T until legally evicted by Court Bailiffs after a further several weeks/months.
      For ~£50 (tax deductible), is it worth the risk?
      22-08-2017, 01:50 AM
    • Joint tenancy deposit responsibility
      Hi Guys,

      I was wondering if you could advise me on where I stand. I have a property which I have rented out for the last four years to a group and each time one person leaves then the original guys source a new person and just give the incoming deposit back to the outgoing person and I...
      20-08-2017, 11:41 AM
    • Reply to Joint tenancy deposit responsibility
      Sloppy LL'ing.

      When did original Tenancy commence with original Ts?
      Who, if anyone, still remains?
      Did you nominate a T to do your job ie return ind deposits, check new Ts for Right to Rent, conduct nec checks on new T?
      Give permission for him to sub-let?
      How do...
      22-08-2017, 01:10 AM
    • Reply to Joint tenancy deposit responsibility
      Sounds like the guy who contacted you was your tenant's lodger, doesn't it? Therefore it's up to tenant whether to return deposit or not. (Sounds like room was left in a bad state.)
      21-08-2017, 23:43 PM
    • Reply to evicting a tenant
      Thanks for the confirmation, so would this be ok to send to the tenant?

      I am thinking of using this template as it seems to be the best one available. I will send that and a letter stating that I will let them end there tenancy...
      21-08-2017, 22:41 PM
    • Reply to Tenant threatens legal action
      I suppose on a positive the fact you returned it BEFORE the tenancy ended is in your favour.

      No win no fee solicitors like straight forward cases.

      One of the first questions they ask are if there are any rent arrears or claims to damages. You may well ward them off with a ...
      21-08-2017, 22:27 PM
    • Reply to Joint tenancy deposit responsibility
      The short summary is that the situation you have created is the proverbial dog's breakfast.

      Who is your tenant? The fact that you cannot answer that question means that you are lining yourself up for massive problems.

      You have two basic types of tenancies - where you have every...
      21-08-2017, 22:22 PM