SECURITY DEPOSITS From 1 June 2019, the maximum tenancy deposit is equal to 5 weeks rent. WHAT IS TENANCY DEPOSIT PROTECTION?
DEPOSIT PROTECTION SCHEMES
It is an independent scheme that has been designed to ensure:
Your landlord or agent must protect your deposit with an authorised scheme if you have an assured shorthold tenancy.
You get all or part of the deposit back.
Disputes between you and your landlord will be easier to resolve with an independent third party.
Tenants and landlords/agents make a clear agreement from the start on the condition of the property.
Your landlord does not need to protect your deposit if:
You are living with your landlord as a lodger.
You live in the same converted building as your landlord but in a separate flat.
The agent or landlord has 30 days to place your deposit into one of these schemes. The Deposit Protection Service 0330 303 0030 www.depositprotection.com
My Deposits 0333 321 9401 www.mydeposits.co.uk
The Tenancy Deposit Scheme 0300 037 1000 www.tenancydepositscheme. com
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