Is it illegal not to use a tenancy deposit scheme?
Is it illegal not to use a tenancy deposit scheme?
Tenancy deposit protection is a legal requirement for all assured shorthold tenancies (ASTs) and for periodic tenancies too.
How long to get my deposit back?
within 10 days
You should usually get your deposit back within 10 days of agreeing on the amount with your landlord. It can take a lot longer if you and your landlord disagree on the amount that’s being taken off.
What is the TDS custodial scheme?
TDS Custodial is a Tenancy Deposit Protection Scheme run by The Dispute Service Ltd. It is authorised by the government to hold tenancy deposits until repayment is requested when the tenancy ends. To protect the deposit with a government-authorised scheme.
How do I contact the Deposit Protection Service?
To notify us of a dispute either email us at email us at [email protected] or call us on 0330 303 0030.
What happens if I don’t protect my tenants deposit?
If the Deposit Protection Legislation has not been followed, you’re screwed – meaning you can’t serve a valid Section 21, and your only option is, possibly, serving a Section 8 Notice where you must prove grounds for eviction (which you may not have).
How long can landlord keep deposit?
Rules surrounding returning a deposit If your landlord holds your deposit (so should be protected in the Insured scheme), the landlord should pay your deposit back within 10 days of your request for the deposit to be returned. A tenant cannot request the return of their deposit before the tenancy ends.
What is a custodial tenant?
A custodial scheme protects a tenant’s deposit because: the scheme administrator holds your deposit until it is required to be paid back. your deposit is safe if your landlord or their letting agent goes out of business.
Does the council help with deposits?
Help paying your tenancy deposit Your local council might be able to cover the cost of your deposit through a rent deposit scheme or rent guarantee scheme. If you have problems paying your deposit, the scheme provider will use the bond to pay your landlord – this means you don’t have to pay the deposit yourself.
Is it illegal for landlord to hold deposit?
Landlords that fail to secure their tenant’s deposit can be taken to court and fined up to 3 times the deposit amount. Securing the deposit is a legal requirement, and it is the landlord’s responsibility to ensure the tenancy deposit legislation has been complied with.
