Deposit back early
A rather unusual deposit question please.....
Iíve a tenant who moved in 10 days ago, I took a deposit but havenít protected it yet. He has lost his job and has offered to move out in 3 days time, Iíd happily cancel his agreement as he hasnít paid me any rent yet. If he does move out I plan to give him the deposit back minus the 2 weeks rent he hasnít paid and get him to sign a disclaimer.
Am I still liable for not protecting the deposit? Should I protect it now and make him claim it back from the DPS?