Landlords who fail to protect an assured shorthold tenancy deposit lose their right to evict and face court claims for compensation.
The Housing Act 2004 requires landlords and letting agents to protect deposits on assured shorthold tenancies. If your tenancy deposit is not protected, then it means you could be in a position to claim compensation. Deposits on assured shorthold tenancies (ASTs) must be protected with a government approved scheme.
The landlord – or lettings agent – must protect the deposit, and issue prescribed information to the tenant within 30 days of receiving the deposit.
The landlord or lettings agent must provide the tenant(s) – and anyone who paid the deposits on behalf of the tenant, classed as ‘relevant persons’ – with specific details of the deposit protection and a leaflet explaining how TDS works. This is called ‘prescribed information’ and must be issued within 30 days of receiving the deposit.
DIYPI will carry out a free check on your behalf, to ensure your deposit is – or was – secure, and in legal compliance with the scheme put into place by the Government. This extends to any deposit within the last 6 years that may not have been secured in a Government scheme