As has already been announced on the PainSmith blog and on Nearly Legal, there is now, finally, a binding decision (for now) on tenancy deposits and the vexed question of when the award of three times the depost sum can be made to the tenant. Whether it is a decision that we like is another…
After all the complaints made by and on behalf of tenants regarding landlord failures to return deposits to tenants, it is ironic that the DPS in a recent report, states that over 8,000 deposits remain with them, unclaimed by their owners. The DPS, remember, is the tenancy deposit scheme where the deposit money is actually…
I have recieved an interesting e-circular from the Deposit Protection Service. It is essentially correcting a circular they sent earlier to dissociate themselves from a company. However apparently they also said in that earlier circular: “The DPS would recommend landlords obtain an independent Inventory because one conducted by a landlord or agent would not be…
A tenant recently wrote to me with a sad story: “I vacated my property in February 2009, and due to the DPS not returning my deposit I became homeless. As the landlord and I were in dispute over the return of the deposit I had no option that to pursue the claim through the county…
In July 2008 I did a post called Tenancy Deposit Protection – 62% failure which was based on a survey done by the Deposit Protection Service (DPS), one of the three tenancy deposit protection schemes. This survey said that 62% of landlords were flouting the law and not protecting tenants deposits as they should under…
I, and probably many landlords and other property professionals, have received notifications from both The Deposit Protection Service and MyDeposits warning that the web-site mytenancydeposit.co.uk is not that of a government authorised tenancy deposit scheme. Landlords and agents should beware. If you protect your deposit with this company, this will not constitute compliance with the…
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Tenancy Deposits – Lettings Today get answers from the CLG
There is a very interesting post over on the Estate Agent Today news web-site. It seems that back in November 2009 they asked a number of questions of the Communities and Local Government (CLG) department (whose remit covers the tenancy deposit scheme) about the workings of the scheme. After two reminders and three months later,…