Tenancy Deposit Protection – Part 1

Tenancy deposit protection may be well established, but are your agency procedures getting all the details right? This article looks at the practical requirements that can easily be overlooked, from when the 30-day compliance period actually starts to dealing with instalments, holding deposits and third-party payments. It also examines the information that must be provided to tenants, the timing of prescribed information, and the differences between England and Wales. With deposit increases and the potential for seemingly minor administrative errors to create problems, this is a useful reminder of the details that matter.