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Saturday, June 19, 2010

TDS & letting agents

Landlords who take a deposit should now by now that they are required to lodge the deposit with one of the government's approved scheme under the Tenancy Deposit Scheme within 14 days of taking the deposit from the tenant.

However, what happens if the landlord is letting using a letting agent and the letting agent fails to lodge or cover the tenancy deposit?

This recent case law provides some clarifications for landlords caught in this situation.

It appears clear that the Courts are less than keen on taking action and fining landlords for an administrative slip up then the legislators would like. To read a review of the full case have a look at this article in Property Week.

Landlord insurance - ask about additional legal cover

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