Tenancy Deposits
A Deposit received from an Assured Shorthold Tenant must be protected in an approved Tenancy Deposit Scheme within 30 days.
The law relating to tenancy deposits has been amended by the Tenant Fees Act 2019 (the 'TFA') which affects landlords and letting agents in England only and the Renting Homes (Fees etc.) (Wales) Act 2019 ('the 'RHFWA') (in force 01 September 2019) which affects Wales only. These Tenancy Deposits documents help Landlords to understand what needs to be done in order to comply with their statutory obligations. The Guidance on Tenancy Deposit Protection summarises the legal requirements. The Landlord can use the Receipt for Tenancy Deposit to record that a Deposit has been a paid. The Prescribed Information template captures the information a Landlord needs to give to his Tenant.