Welcome to Simply-Docs

Prescribed Information about Deposit Protection

PROP.RES.15

This Prescribed Information about Deposit Protection template should be used by the Landlord to tell the Tenant about the approved Tenancy Deposit Scheme which the Landlord is using to protect the Tenant’s Deposit.

This template is not suitable for use in Wales.  Please see our Renting Homes Wales group for the relevant template for use in Wales. 

Deposits relating to Assured Shorthold Tenancies in England (effectively most short-term residential tenancies) must be protected in an approved Tenancy Deposit Scheme in accordance with sections 212-215 and Schedule 10 of the Housing Act 2004. The Guidance on Tenancy Deposit Protection for Assured Shorthold Tenants provides further information.

Under the Tenant Fees Act 2019, from the 01 June 2019, security deposits for new or renewed tenancies in England must be capped at five weeks' rent if the yearly rent is under £50,000 or six weeks' rent if the yearly rent is £50,000 or more.

This template reflects the legislative changes made in 2015 affecting Tenancy Deposit Protection. The form allows the Landlord’s Letting Agent’s contact details to be given instead of the Landlord’s own details. The Landlord's Letting Agent can only sign if they have protected the deposit. If the Landlord's Letting Agent has protected the deposit, either the Landlord or the Landlord's Letting Agent can sign. 

As confirmed in the Court of Appeal decision Northwood Solihull v Fearn & Ors, where the prescribed information is to be signed by either a corporate landlord or agent, it can be signed by an authorised individual on their behalf, or in accordance with s44 of the Companies Act 2006 which requires a signature from two directors, or director and company secretary, or director whose signature is witnessed. 

Once the Deposit has been protected in a Tenancy Deposit Scheme the Landlord (or the Landlord’s Agent) should complete this Prescribed Information about Deposit Protection template and give it to the Tenant. This must be done within 30 days of receiving the Deposit.  If this is not done this will invalidate service of a Section 21 notice. A Landlord will only be able to regain their right to serve a Section 21 Notice once the prescribed information has been served. 

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This Receipt for Tenancy Deposit is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

Property Buy Only £35.00 + VAT!
Unlimited Downloads for One Year
No Auto-Renewal

Simply-4-Business Ltd Registered in England and Wales No. 4868909 Unit 100, Parkway House, Sheen Lane, London SW14 8LS

Top
Simply-Docs uses cookies to ensure that you get the best experience on our website. Learn more