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Question

Deposits and Tenancy Deposit Schemes (England) | Deposits and Tenancy Deposit Schemes (Wales)

Transferring deposit between landlords

18 Jun 2020 | 1 comment

I manage a property for a landlord client who has sold the property to another landlord client. The deposit is held in the DPS custodial scheme. Do I need to unprotect the deposit, re-protect the deposit and re-issue the prescribed information?

Answer

1 Comment

  1. Imported

    09/02/2019 10:32 am

    As far as we’re aware, with the DPS, you can move a deposit internally from one landlord reference to another.

    You should give new prescribed because of the change in landlord name.

    guildy

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