Protected Sum Diploma For Free
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What happens if my deposit is not protected?
If your deposit has not been protected you can contact your landlord and ask them to do so immediately. If it is found that your landlord has not protected your deposit they will be ordered to either repay it to you, or to pay it into a custodial scheme within 14 days.
What happens if a deposit is not protected within 30 days?
Penalties for not complying with the deposit protection Penalty — landlords who fail to protect the deposit or give the prescribed information within 30 days of receipt will be liable to pay the tenant between 1 and 3 times the deposit as a financial penalty and the court can order they return the deposit.
Can I protect a deposit after 30 days?
Landlords should be protecting deposits and serving prescribed information within 30 days. If the deposit has not been protected in time, the landlord should return the deposit to the tenant. If the deposit is not returned, the landlord will not be able to obtain possession using the section 21 procedure.
What happens if deposit is not protected?
If your deposit has not been protected you can contact your landlord and ask them to do so immediately. If it is found that your landlord has not protected your deposit they will be ordered to either repay it to you, or to pay it into a custodial scheme within 14 days.
How long can my deposit be held?
If your deposit is protected. 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.
Is the deposit protection scheme a legal requirement?
From 6 April 2007, a key legal requirement for landlords renting out a property in the private sector is Tenancy Deposit Protection (TDP) legislation, where a landlord must use a government approved TDP scheme to register a tenancy deposit for protection.
Is it illegal not to protect deposit?
If your landlord hasn't protected your deposit Don't worry if your landlord or letting agent hasn't protected your deposit when they should have — you don't need to do anything. You'll still be able to claim back the money you're owed, and you might be able to get compensation from your landlord.
What happens if you don't protect a deposit?
If the court finds you haven't protected the deposit, it can order you to either: repay it to your tenants. Pay it into a custodial TDP scheme's bank account within 14 days.
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