From 6 April 2012, there is a new procedure to be followed in respect of serving a section 21 notice if a deposit has been received but not protected within 30 days. In addition, prescribed information must be considered before serving a section 21 notice. Deposit Protected but no (or incorrect) Prescribed Information Given Prescribed information is relatively straight forward if a deposit has been protected perfectly fine, but the prescribed...

As many will have perhaps noticed, websites explaining how time is running out in respect of protecting any unprotected deposits aren’t in sync with the same answer. Some say this needs doing by 5th May and others say 6th May. If you’ve got all your ducks in order and any unprotected deposits are now protected then this doesn’t matter. However, if you are protecting and / or issuing prescribed information on the 6th, then...

Training for Professionals are providing a webinar on 25 April 2012 on the subject of Deposit Legislation Changes – The Common Pitfalls & Best Practice The webinar will cover many of the questions posed by the changes in legislation and HOW you should react to such risks within your business. We will endeavour to cover the following: What current tenancies pose a risk Completing prescribed information correctly 30 day deposit protection...

We know many of you are frantically issuing lots of prescribed information so that everything is in place for 6 May 2012, after which time it will be too late to resolve and giving the information late will not prevent compensation being payable to tenants. If your not sure why people are doing this, see our article here We have advised many people including agents so far and some have literally tens of thousands of pages to give out in the next...

The DCLG has produced details of the commencement of the Localism Act 2011 that relates to tenancy deposit schemes. We have already reported on the significant changes to take effect from 6 April 2012 but until now we didn’t know what the position would be with existing or previously unprotected deposits. Would the changes only apply to new deposits received after April or, will the changes apply all the way back to first introduction in...