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CUSTODIAL TENANCY DEPOSIT SCHEME
(Ref. CPD/004/109/019)STATEMENT OF REQUIREMENTS December 20141Contents
1. General Information.........................................................................................
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How to fill out custodial tenancy deposit scheme
How to fill out custodial tenancy deposit scheme
01
Gather all the necessary information and documents related to the tenancy deposit scheme.
02
Determine whether your tenancy is covered under the custodial tenancy deposit scheme.
03
Register with the custodial tenancy deposit scheme online.
04
Fill out the required forms and provide accurate information about the tenancy and deposit.
05
Pay the deposit into the custodial tenancy deposit scheme account.
06
Notify the tenant about the registration with the custodial scheme and provide necessary information.
07
Keep records of all communications and transactions related to the deposit scheme.
08
Upon the end of the tenancy, follow the necessary procedures to release or make deductions from the deposit.
09
Notify the custodial scheme if any disputes arise regarding the deposit.
10
Comply with any additional requirements or regulations specified by the custodial tenancy deposit scheme.
Who needs custodial tenancy deposit scheme?
01
Landlords or letting agents who rent out residential properties in England and Wales need the custodial tenancy deposit scheme.
02
Tenants who rent a property and have paid a deposit may also benefit from the protection provided by the scheme.
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What is custodial tenancy deposit scheme?
Custodial tenancy deposit scheme is a scheme where the tenant's deposit is held by a third party (usually a government-approved deposit scheme) throughout the tenancy.
Who is required to file custodial tenancy deposit scheme?
Landlords or letting agents in the UK are required to file custodial tenancy deposit scheme.
How to fill out custodial tenancy deposit scheme?
To fill out custodial tenancy deposit scheme, landlords or letting agents must register with a government-approved deposit scheme and submit the required information about the deposit.
What is the purpose of custodial tenancy deposit scheme?
The purpose of custodial tenancy deposit scheme is to protect the tenant's deposit during the tenancy and ensure its fair return at the end of the tenancy.
What information must be reported on custodial tenancy deposit scheme?
The information reported on custodial tenancy deposit scheme includes details about the deposit amount, property address, tenant's name, and the landlord's or letting agent's contact information.
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