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Tuesday, January 25, 2011

Scotlands new tenancy deposits

Scottish landlords will from March have to place rental deposits with an independent arbitrator.

As with the current tenancy deposit system in England and Wales any disputes between landlords and tenants over the repayment of a rental deposit will go to a mediation service

The Scottish government accuses landlords of keeping as many as 11,000 deposits, worth £3.6m, unfairly each year.

The new regulations were set out to the Scottish Parliament on Monday by the Housing Minister Alex Neil.

Read more on the new Scottish tenancy deposit scheme at the BBC

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