Deposit protection scheme and SoD

  • Filter
  • Time
  • Show
Clear All
new posts

  • Deposit protection scheme and SoD

    I have just realised that LLs must use the deposit protection scheme if they renew a fixed term agreement after April with an exisiting tenant.

    Firstly, do you think this might stop the rip off practice of making tenants keep renewing fixed terms (and issuing pointless section 21s) in order for agents to earn "renewal fees"? Or will agents want to get as these "old" tenants into the new scheme so they can charge LLs extra fees to cover deposit insurance?

    Secondly, if the agent does make a current tenant sign another fixed term after April, if the agent does not send the tenant details of the deposit scheme within 14 days can the tenant really claim 3 times the value of the deposit!? Do the agents get any warning from the courts first or anything? What if the agent says they send the details, but the tenant says they didn't get them? I can't believe that on day 15 the agent owes the tenant thousands.


  • #2
    One more quick questions...

    My deposit isn't protected by the scheme, but I would like it to be. I rent from an agent. In April, is it reasonable to ask them to put it into the scheme? Is this a sensible thing to do?


    Latest Activity


    • What brand/price point for washer/dryer would you recommend?
      As a landlord what approach do you take to replacing white goods in your rental properties?
      Do you buy cheapest brands and then dispose of them when they go wrong as it is pricey to repair?
      Or do you go for a better brand and hope for longevity?
      My repair man recommends buying the...
      22-07-2017, 08:48 AM
    • Reply to What brand/price point for washer/dryer would you recommend?
      Horses for courses.

      I've never been able to get a fridge repaired, they only have one working system and when it breaks it's time for a new fridge, so I buy the cheapest one that fits with a name I've heard of.

      Washing machines can be repaired, so I pay more for one that has...
      22-07-2017, 10:27 AM
    • Claiming for protected deposit
      This is an interesting one, got me into a spin.
      Tenants signed AST but decided to leave after 6 months and 3 days (problem with moving) using the break clause in the AST. I protected the deposit using DPS (Insured) and returned the deposit minus deductions when the moved out.
      I served the...
      21-07-2017, 08:00 AM
    • Reply to Claiming for protected deposit
      That would be pointless.

      The tenant would have to sue to get their own money back.
      Apart from the waste of the court and tenant's time, there would be little or no compensation because the tenant would suffer no loss to compensate them for (loss of interest?).
      The only people...
      22-07-2017, 10:23 AM
    • Deposit at the end of AST. Also, quiet enjoyment.
      Q1 – Where is the rented property located (England / Wales / Scotland / N Ireland)?

      Q2 – What type of Tenancy Agreement (TA) is this e.g. sole tenant / multiple tenant / room only?

      Q3 – What date did current TA start dd/mm/yy?
      21-07-2017, 15:06 PM
    • Reply to Deposit at the end of AST. Also, quiet enjoyment.
      Your right that the penalty claim is the law and it's your right to claim it.

      Unfortunately however you won't receive much sympathy on here,as most of us recognise that most of the breaches have been made by inexperienced landlords and not through any intention to rip you off.
      22-07-2017, 10:18 AM
    • Reply to Claiming for protected deposit
      The legislation has been in place for a decade and has been revisited at least twice (and tweaked each time).
      The deposit schemes have fairly clear guides about what needs to be done and how and when to do it.

      Given the tenant(s) the Prescribed Information is part of the process of...
      22-07-2017, 10:17 AM
    • Reply to Claiming for protected deposit
      It discourages landlords from taking a deposit at all, and instead making it up with higher rent. This discriminates against tenants staying for a long time.

      I think that is what is happening to o/p.

      It's all a lot of nonsense. Tenant could always sue if landlord...
      22-07-2017, 10:12 AM
    • Reply to What brand/price point for washer/dryer would you recommend?
      I buy the cheapest machine I can source. It is usually a Hotpoint or Indesit. And they all come out of the same factory. Some of them last for years. I've just replaced a Hotpoint WD after 11 years with a new Indesit one. I try and avoid the ones with the digital display and too many fancy options as...
      22-07-2017, 10:09 AM
    • Reply to Claiming for protected deposit
      What’s evident from responses in this thread that equal emphasis was given to deposit protected within time frame and T were informed in a prescribed manner, some going as far as getting the T to sign the acknowledgement!
      I am really flabbergasted to read some of these emphasis, surely the point...
      22-07-2017, 10:07 AM