Guidance for Landlords on Tenancy Deposit Protection
Deposit Protection aims to ensure that Deposits paid by Assured Shorthold Tenants are kept safe and that Landlords act properly in making deductions from Deposits. Deposit Protection was introduced in 2007 when sections 212-215 and Schedule 10 were inserted into the Housing Act 2004. Further provisions were added in 2015.
This guidance applies to England only. New rules for deposit protection have been introduced in Wales under the Renting Homes (Wales) Act 2016. See our Renting Homes Wales group for further information.
The law relating to tenancy deposits has been further amended by the Tenant Fees Act 2019 (the 'TFA') which affects landlords and letting agents in England. The TFA introduced capped holding deposits and strict time frames for repayment of holding deposits for tenancies caught by these acts.
This Guidance for Landlords on Tenancy Deposit Protection explains the need for Tenancy Deposits to be protected in one of the official Tenancy Deposit Schemes.
The Guidance briefly considers how the Schemes work and what happens if there is a dispute as to the amount of the Deposit to be returned to the Tenant at the end of the tenancy.
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