Planet Dv Training -
Description: Tenancy deposit schemes - Providing landlords and tenants with the latest information on tenancy deposit protection schemes.
residential (8634) information (8127) protection (3548) landlord (523) deposit (478) tenant (359) landlords (299) scheme (164) tenancy (70) schemes (42)
Landlords will have to participate in either a ‘custodial’ or ‘insured’ scheme and provide tenants with the contact details.
In the custodial scheme the tenant pays the deposit to the landlord who within 14 days must pass this on to the scheme. Also within 14 days the landlord must give the tenant the prescribed information (to be set out in secondary legislation) about the scheme being used.
At the end of the tenancy, if the landlord and tenant agree how the deposit should be divided, they will tell the scheme what they have agreed and the money will be paid out accordingly.
Planet Dv Training -