Friday, Nov 24, 2006
Tenant protection starts April 2007
Firstrung: Tenants finally get protection for rent deposits from 2007
The 2004 Housing Act requires those holding tenants' deposits to join a scheme that protects the deposits held as well as offer a remedy should a dispute arise concerning the deposit. The legislation will come into force in April 2007 and will affect members who are managing agents involved in the collection and retention of deposits made by tenants.
Posted by converted lurker @ 12:58 PM (181 views) Add Comment
2 Comments
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1. paul said...
managing agents always like to howl publicly about how bad tenants are, but in reality everyone knows that for every dodgy tenant there are ten dodgy letting agents who happily consider tenancy deposits to be xmas bonuses.
2. Nohpc said...
it's about time something like this came into place. I lost 300 pounds deposit as a student because some plates went missing.