This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Marketing

A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

 

Deregulation Bill Signed into Law – How does this Affect Landlords?

By 2 min read • April 1, 2015

scales of justiceThe Deregulation Bill has finally received Royal Assent so landlords and letting agents can finally enjoy some much-needed clarity on the subject of deposit protection.

 

 

 

******Whoops! Looks like this is an old post that isn’t relevant any more :/ ******

******Visit the blog home page for the most up to date news. ******

 

 

Fallout from the Superstrike and Charalambous Cases
Changes made to the Tenant Deposit Protection legislation have corrected issues that arose as a result of legal decisions made in the Superstrike v Rodrigues and Charalambous and Karali v Ng and Ng cases. The main areas of change are:

1. Deposits taken for tenancies beginning before 6 April 2007 that are still in existence and have since rolled into a statutory periodic tenancy must be placed in a deposit protection scheme before June 23. If a landlord or letting agent fails to protect the deposit and serve prescribed information, he or she could face fines.

2. If the tenancy continues to be rolled over or is renewed and the deposit is safely held in an approved protection scheme, the landlord or letting agent doesn’t need to re-serve information.

3. Landlords or letting agents who took deposits before 6 April 2007 on a tenancy that hasn’t changed won’t face fines for not protecting the deposit, but they won’t be able to gain possession of their property via a Section 21 notice until the deposit has been protected or returned to the tenant (or whoever paid the deposit).

Time to Sort Deposits Out
Landlords and letting agents now have a 90-day window of opportunity to sort out any deposits they hold for tenancies that began before 6 April 2007.

Was this post useful?
0/600
Awesome!
Thanks so much for your feedback!
Got it!
Thanks for your feedback.
Share with friends:
Copied
Popular articles

Get the best of Landlord Insider
delivered to your inbox fortnightly

Sign up and we’ll send you our latest posts, tax tips, legal tips, software tips and compliance deadlines, everything you need to know every two weeks. Unsubscribe any time.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.