Tenancy deposit What are the requirements
- The tenancy deposit must be registered by the landlord / letting agents with at least one of the deposit scheme in the United Kingdom.
- The housing (tenancy deposits) specified that the tenant and other people involve in the tenancy must be given housing tenancy deposits prescribed information order 2007.
- The tenants and other people involve in the tenancy deposits should be given, documents of the scheme.
- Section 213 of the housing act 2004 clearly stipulate that each of these requirements must be applied within 30 days from receipt of the tenancy deposit. The landlord / letting agent are ultimately responsible to make sure that the time limit is observed.
Prescribed information of the tenancy deposit
- The housing (tenant Deposit) (prescribed information) order sets out the exact information requirement to be contained In the Prescribed information that is given to tenant.
- The Act: Prescribed information for the purpose of section 213(5) of the housing Act 2004
- Details of the authorised tenancy scheme dealing with the tenancy deposit.
- The name, address, email, and complete address
- The landlord must be supplied with the written information explaining the meaning and application of the provision contained in the sections 212 – 215 of and schedule 10 to the act;
- The process which describes the way the deposit amount should be repaid to the tenant at the end of the tenancy.
- The process to follow in the event that both tenant and landlord are in disagreement at the end of the tenancy.
- The name(s), address(s), email address(s) and other contact details of any relevant person(s) in connection with the tenancy.
The correct course of action available to facilitate disputes in relation to the deposit without resorting to litigation, using all available documents and information which describe the circumstances in which the deposit has been paid. Information such as:
The exact sum paid.
- The address of the property to which the deposit scheme and tenancy are registered.
- The names, address(s), telephone or mobile number(s), email address(s) and website address if any, and any other information that helps identify the landlord and his/her location or place of business at the end of the tenancy.
- The name(s) of tenant or tenants, the address(s), the telephone or mobile number(s), the email address(s) and any other information or documents that can help identify the tenant(s) location(s) or place of business at the end of the tenancy.
- The particular way where the full or partial amount of the deposit is being kept by the landlord/ letting agent as described in the terms of the tenancy agreement.
- The document or form used. Usually, a certificate signed by the landlord/letting agent as well as the tenant(s) indicating that all parties understand the information contained therein and acknowledge its accuracy. Furthermore, it is a recognition of the act which highlights the proceedings when both tenant or landlord are not contactable at the end of the tenancy.
Tenancy Deposit Scheme.
- At the beginning of a tenancy, a landlord/letting agent must provide a certificate when a deposit has been collected in connection with a lease/tenancy agreement. It is the acknowledgement that the deposit is protected.
- Deposit Protection Certificate (DPC). This is a certificate provided to the tenant(s) by the landlord(s) which details the information that is required on the certificate. These details will include the landlord/letting agent names, the tenant(s) name(s) the deposit amount, telephone number(s) etc…
