If you fail to protect your tenants deposit you are in difficulties. Not only can you not serve a section 21 notice – your tenants can bring proceedings at court for the penalty award.
Which, if the deposit was for a chunky sum, could prove expensive for you.
However not everyone’s situation is the same. For example
- You may not actually want to evict your tenant, or
- They may owe you rent – a lot of rent, or
- Maybe you’re not sure whether you need to protect the deposit at all
To help, I have now done one of my ‘trails’ – a series of questions and answers to help you find out the right answer for you.
It isn’t free I’m afraid, its part of the Landlord Law service so you do need to be a member to use it. I am recommending all members who take deposits use it before drafting up a section 21 notice.
I’m calling it the Tenancy Deposit Compliance Checker and you will find it here.