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Tenancy Deposit Protection

Posted on 19 January 2024
Tenancy Deposit Protection

Tenancy deposit protection

There are several myths in relation to tenancy deposit protection. Here we clarify the key points of the scheme.

• Any deposit on a private tenancy received on or after 1 April 2013 must be protected in a government approved scheme.
• The legal responsibility is with the landlord to protect the deposit. Within 28 days (on or after the 1 April 2013) of receipt of a deposit a landlord must register it with an approved scheme.
• Within 35 days of receipt (on or after the 1 April 2013) of the deposit a landlord must provide the tenant with details of the protection, called prescribed information.
• If a deposit is not correctly protected, the District Council can impose a fixed penalty of up to three times the value of the deposit. If the case goes to court the landlord can be fined up to £20,000 by the Magistrates Court.
• Landlords and agents must act in accordance with The Consumer Protection from Unfair Trading Regulations 2008 (CPRs).