SECTION 213 requirements!

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  • sunnyp
    replied
    thats right JP and also no idea when!

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  • jpkeates
    replied
    Interesting point though, if the agent passes the deposit to the landlord to protect, the landlord may have no idea where the deposit actually came from.

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  • sunnyp
    replied
    thanks JJ that does make sense.

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  • jjlandlord
    replied
    A letting agent does not provide the deposit, he receives it. A letting agent is not agent is not a third party.

    A third party providing a deposit is, e.g., a parent of the tenant paying the deposit directly to the landlord/agent. There are council schemes doing this as well, I believe.

    Leave a comment:


  • sunnyp
    replied
    My thoughts initially then i read this,

    The law says that landlords / agents must protect deposits within 30 days of receipt into one of the Government approved tenancy deposits schemes*. In addition to protecting the deposit a statutory notice (s213) must be served on the tenant, or where the deposit (or part of it) was provided by a third part, the third party must also be served notice

    Its a cut and paste from the article in LLZ about section 213.

    Leave a comment:


  • Interlaken
    replied
    I don't understand this. I use agents all the time but never feel the need to issue them with PI when they pay 1st months rent and deposit into my account from a tenant.

    Why would a S21 need to involve the agent in any way if landlord is self managing?

    Leave a comment:


  • sunnyp
    started a topic SECTION 213 requirements!

    SECTION 213 requirements!

    I read on LLZ section 213 article and noticed something I had not noticed or seen mentioned before.

    Is it a requirement to also serve PI to the Letting Agent if the landlord receives the deposit from the tenant via the letting agent? and does failing to do this jeopardize the section 21?

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