April 2012 New Deposit Law Penalties and Fines
Tenancy Deposit Law Changed 6th April 2012 (see Localism Bill) -In summary - Fail to protect the Deposit within 30 days and or fail to issue the
PRESCRIBED INFORMATION the Tenant can sue for you for up to six years for the deposit and ALSO up to three times the deposit value. Also a Notice to Vacate would be invalid. Some Tenants will use this, to delay eviction or sue you. All they have to do is answer no to Question 8 on the
Tenant Defence Form
New Deposit Protection Rules April 2012
- You MUST have Protected a Deposit within 30 days (no longer 14 days)
-
If you have failed to comply with 1& 2 you will have to pay compensation & there will be penalties for failing to comply
|
 FREE Documents Members Helpline Member Discounts Reliable Service Save Time & Money Tenant Eviction Help New Tenancy Help Legally Compliant
"save yourself many sleepless nights and very likely a fortune." Geraldine Murphy  |
PIMS' membership ensures you are legally compliant
-
No matter what your query or concern you can rest assured our Help line advisors can help you.
-
Comprehensive selection of Documents, Letters Notices are FREE to Members
-
We provide solutions on a vast variety of Letting Legislation
-
|