Licence Agreement Deposit Protection

If you receive a valuable item on deposit instead of money (for example. B a car or watch), you don`t need to put it in a TDP. Homeowners and home managers should ensure that they are aware of the distinction between tenant and licensee and that their agreements accurately reflect a resident`s legal status. Agreements may not deprive tenants or licensees of the rights granted by parliamentary legislation, even if the wording of an agreement says otherwise. For example, section 11 of the Landlord and Tenant Act 1985 imposes certain remedary obligations on the landlord which cannot be removed by imposing the obligation on the tenant in the wording of the rental agreement. The rent guarantee rules have been changed several times since their introduction in 2007. For more information, see Compliance timelines. In these situations, for a lessor/intermediary, the ceiling of the amount of a rental deposit only applies on 1 June 2020. The deposit must be refunded to your tenants within 10 days, as long as you have both agreed on the amount they will refund. If your landlord has protected your surety, but refuses to return it to you at the end of your contract or to take deductions from it that you disagree with, there are two main options to consider. One is alternative dispute resolution or ADR and the other is judicial remedy. On the Shelter website you will find detailed information about ADR and legal measures to recover your deposit.

If you are in an “insured” system, you or the agent must pay the deposit to the TDP system. They will hold it until the problem is resolved. You may find it useful to consult the information relating to the rental deposit on the Shelter website. If a deposit is not covered by the rules of protection of the rental deposit, for example. B a bond paid for a lease agreement other than the short-term rental agreement and there is an unresolved dispute over the return of the surety, the only recourse for the tenant is to issue a cash claim against the landlord via the County Court Money Claims Centre using the court form N1. . . .