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 (462 views)
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2 Comments

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.

Friday, November 24, 2006 02:10PM Report Comment
 

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.

Friday, November 24, 2006 06:31PM Report Comment
 

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