Transcript Document

Tenancy deposits in
20 minutes!
Nick Hankey
Deputy Chief Executive
Reminder: What you must do
 Comply with our ‘initial
requirements’ by registering
the deposit
 Serve Prescribed
Information and a scheme
leaflet (including at renewal)
The penalties
 Return the deposit
 Fine of between 1 & 3 times the
deposit
 Be unable to use a Section 21
notice
Who went wrong?
Nice
Swindells
Old
Superstrike
Superstrike explained
Deposit taken before
April 2007
Fixed term ended in
2008 and a statutory
periodic tenancy arose
The deposit was not
protected
It was determined that
it should have been protected
In the Superstrike scenario?
Protect the deposit now
If you haven’t served PI for a historic renewed tenancy, you have three options
Do nothing
Issue the PI now
Protect & serve PI before you issue a section 21
A fine may be unavoidable if the tenant
takes matters to court
(see detailed guidance on the TDS blog)
Myth busting…
“ I heard I need to ‘reprotect’ the
deposit for each new fixed term
and end protection for the old
deposit because of Superstrike ”
What’s new?
New
evidence
portal
New
Prescribed
Information
Template
Membership
renewal on
1 April!
No changes
to rules,
scheme
leaflet or ‘B’
clauses
Useful info!
@tenancydeposits
Tenancy Deposit Scheme
TDS Member Agents
Tenancy Deposit Scheme