Does the the deposit scheme apply to license agreements

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Hi

I have a multi let (let out rooms in house) where I allow my tenants to stay minimum 1 month. There is no contract tying them into let for 6 months. I let the tenants sign a license agreement and not an AST.

If I take a deposit do I need to put this into the government deposit scheme as potential tenants are not happy that they have to wait to get their deposit back especially if they only intend to stay 1 month.

Many thanks

12/06/2007 00:00

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Martin Co
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