You’ve Got 14 Days, Milandlord
People skiing on Vauxhall Bridge Rd (c) DPS Flickr
Skiing is not the only new and exciting sports for Londoners these days.
Apparently the latest craze is blackmailing the landlord who has failed to register the deposit within 14 days after signing the tenancy agreement. Daily Mail reports that for 3 times the deposit money many tenants are actually hoping and waiting for the landlord to miss the deadline to register or notify the tenants.
There’s no excuse for the landlord not following the procedures but that’s just ridiculous.
Now landlords are relieved to hear that a letting agency has just won a case against some students exploiting the loophole in the law, read it HERE.
Tenant’s should be aware that the deposit protection schemes only applies to tenants with Assured Shorthold Tenancies / AST’s. For further info take a look at:
http://londonagent.blogspot.com/2009/01/landlord-tenant-tip-understand-deposit.html