Related Legal Updates

Property Insight - Scottish Landlords - Safeguarding Tenancy Deposits

by Kyle Wyness, Spratt Endicott Solicitors | Jun 03, 2013

As highlighted in Issue 24 of Property Insight, since 6 April 2007, Landlords in England and Wales who rent properties on an assured shorthold tenancy in England and Wales have been required to protect the deposit they receive via one of three authorised Tenancy Deposit Protection Schemes under section 213 of the Housing Act 2004 as amended by section 184 of the Localism Act 2011. The scheme was set up with the intention of safeguarding tenancy deposits; to provide alternative methods for resolving disputes (as opposed to court litigation) in relation to deposits; and to punish landlords who failed to comply with their duty to protect the deposit.

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