Interest on Deposit

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    Interest on Deposit

    If the deposit is held under the terms of an insurance based scheme, i.e. by the landlord or their agent, who is entitled to the interest earned on the deposit assuming that this isn't dealt with within the AST?

    #2
    Guess. It won't be you!



    Freedom at the point of zero............

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      #3
      Originally posted by Seminole View Post
      If the deposit is held under the terms of an insurance based scheme, i.e. by the landlord or their agent, who is entitled to the interest earned on the deposit assuming that this isn't dealt with within the AST?
      Are you L, L's Letting Agent, or T?
      JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
      1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
      2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
      3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
      4. *- Contact info: click on my name (blue-highlight link).

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        #4
        T

        I'm not particularly bothered by this as the amount involved is probably about £15 but I was generally interested in the answer as all the documents are silent on the matter.

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          #5
          I guess that the Insurance Scheme's rules will decide who receives any interest earned.
          JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
          1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
          2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
          3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
          4. *- Contact info: click on my name (blue-highlight link).

          Comment

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