28/06/2020
Landlords are required to place deposits received from tenants into a government authorised tenancy deposit scheme. The deposit must be placed within one of the 3 tenancy deposit schemes within 30 days of receiving it. Once the deposit is protected, the landlord is required to provide the tenant with a certificate and the prescribed information about the tenancy deposit scheme.
There are two important consequences of failing to protect the deposit:
1. A landlord cannot validly serve a section 21 notice whilst they
hold a deposit that has not been correctly placed within one of
the tenancy deposit schemes within 30 days; and
2. The tenant may be entitled to claim back the deposit together
with compensation of between 1 – 3 times of the amount of the
deposit.
As a tenant, you may be entitled to bring a claim for compensation if the following applies:
1) You are currently renting or have rented in the past 6 years
2) You paid a deposit to the landlord
3) The deposit was not placed in one of the 3 tenancy deposit
schemes within 30 days of paying the deposit
Our experienced panel of solicitors help tenants obtain up to 3 times the deposit amount as compensation.
For more information about our expertise and how we could help you, please contact us!
