Question

Deposits and Tenancy Deposit Schemes (England)

Deposit paid by third party – who is the deposit repaid to?

23 Mar 2018 | 1 comment

Hi Adrian

We are setting up a joint tenancy with two guarantors (mother and grandmother of each tenant).

One of the guarantors (grandmother) will be paying the deposit which is 1.5 months rent.

Deposit to be protected in DPS custodial scheme. Grandmother will need to be listed as a third party on prescribed information.

Who is the deposit repaid to at the end of the tenancy? What information does the DPS need about the grandmother? And is there anything else we should be aware of?

Thanks

Answer

1 Comment

  1. guildy

    The person paying the deposit is known as a “relevant person”. They will have a right to claim the deposit at the end but who it’s paid to can be negotiated between them at the time.

    The information you will need for the prescribed information is:

    • name
    • address
    • telephone
    • email
    • fax number

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