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Deposit Protection 30 days after...

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PKey
PKey
5 Posts
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Hi,

I protected tenant's deposit at the beginning of the tenancy within a few days of receiving the deposit which was a few days before the start of the tenancy. Many years later, I increased the deposit by about 5% in line with the increase in rent, but tenant paid the balance of the deposit 2 weeks after the new contract date. I then protected the new deposit (x + 5%) figure within 30 days of the receipt of the balance (5%).

What is the law on protecting the deposit. Does the deposit have to be protected:

  • 1- 30 days after the deposit was received from the tenant?

or
  • 2- 30 days after the contract started?

Thank you

02/06/2019 12:57

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