Deposit taken prior to the implementation of TDS. Joint tenancy is periodic. Deed of assignment signed after implementation of TDS - outgoing tenant given deposit back by landlord, incoming tenant gives landlord a deposit.
Does the change in tenant now make the deposit come within TDS regulations and that as they are joint tenants, it should be lodged as a single sum?
If so, how does the landlord best administer any future change of joint tenant (through a Deed of Assignment) when a single sum is lodged in TDS?
Is it permissable to lodge the individual tenants contribution to the deposit on an individual basis despite a joint AST?
Does the change in tenant now make the deposit come within TDS regulations and that as they are joint tenants, it should be lodged as a single sum?
If so, how does the landlord best administer any future change of joint tenant (through a Deed of Assignment) when a single sum is lodged in TDS?
Is it permissable to lodge the individual tenants contribution to the deposit on an individual basis despite a joint AST?
Comment