letting agent & deposit

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F
Ferrett
19 Posts
1 Thanks
I fully manage my own property. In the past the agent has only found & vetted tenants and issued the contract.
When they took the deposit it was forwarded to me with my statement and I immediately placed it with DPS.
Now they want to deposit it instead of me.

1) Is it legal for them to pass to the LL and manager to deposit?
2) If they deposit with DPS and there is a dispute, will I have any say in how I want the money to be distributed or will the agent make the decision alongside the tenant with whom they also have a loyalty?

Thanks.

22/06/2011 00:00

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