New AST - Is a new Deposit Protection required?

You are here : Member Forums Tenancy Deposits New AST - Is a new Deposit Protection required?
This topic has been locked as no posts have been made within the last 90 days.
Forum Avatar
Ray D
733 Posts
123 Thanks
Scenario: At the start of the tenancy a deposit is taken and protected. If the tenancy is renewed at a later date, are you required in law to release the deposit and re-protect it? Of course this may mean assessing inventories etc as well.

I ask this question because I have had different answers from different deposit schemes. The TDS have specifically stated that if the tenant has re-signed a new contract there is no need to inform them as the deposit will remain protected. However, on the MyDeposits website they state that if you do not re-protect the deposit you are 'breaking the law'. Of course MyDeposits charge a fee each time which may be the rub however they do state that it is illegal!

Who is correct?

29/05/2010 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page