Interest on deposit

You are here : Member Forums Tenancy Deposits Interest on deposit
32 Posts
0 Thanks

I have lodged a deposit with the TDS insurance scheme and it mentions interest being paid on the deposit to the tenant or landlord. I am assuming it should be to the tenant and am happy to tick this box but my question is when do they get any interest paid (presuming at the end of the tenancy) and what should the interest rate be (guessing it is the amount on the account it is lodged in which in this case is very low)? I just want to clear this up before I send the info to the tenant.

Many thanks.

25/07/2018 14:17

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.

Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page