No more rent - New Deposit Legislation

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Dave H
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I currently hold my tenant's deposits in my own bank account.

I have heard that later this year there is some new legislation coming into effect which prescribes the deposits must be held in a certain type of account or with some official 'deposit holding' body. Failure to do so means the tenants do not have to pay any more rent.

Is this true?

Dave H.

17/01/2007 00:00

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