who best to hold the deposit?

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    who best to hold the deposit?

    hi, I'm checking out new agents as I'm about to let my flat - is it best for all concerned that the agent holds the deposit or me the landlord?

    #2
    Originally posted by warburtons View Post
    hi, I'm checking out new agents as I'm about to let my flat - is it best for all concerned that the agent holds the deposit or me the landlord?
    Neither - you're now legally obliged to hand it over to a government-appointed independent third party (or there are other options based on that). Search for "Tenants Deposit Scheme" or TDS.

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      #3
      hold the deposit

      thanks er....mr lobster.

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        #4
        Of course, at least one of the schemes contemplates L still holding deposit unless and until a problem arises.
        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.
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