A problem for student lettings with the tenancy deposit legislation is that the deposit is often taken by the landlord in January, yet the tenancy often won’t commence until between June and September. It seems a shame to have to protect the deposit during this period. Also, many students are the same tenants from the previous year so the deposit is actually still in relation to the previous tenancy and not for the new one to take effect later in the year. If a tenant were to back out before commencement, the landlord could experience problems if the deposit has been protected too soon and it would be better if he had control without interference from the legislation. This problem is quite easily solved though.
by guildy | 23 Sep 2009 | Deposits and Tenancy Deposit Schemes (England), Deposits and Tenancy Deposit Schemes (Wales), Guidance, Tenant Fees (England), Tenant Fees (Wales), Tenant Obligations (England), Tenant Obligations (Wales)