Landlords must be aware of the importance of tenant deposits, what they can charge, and how the deposit must be managed. At Greyfox, we are pleased to say we have assisted many local landlords manage their tenancy deposit, and we are always happy to discuss this matter if required.
Landlords are required to place the tenant’s deposit into a Government backed tenancy deposit scheme (TDP) if the tenant rents a property on an assured shorthold tenancy. This has been the case for tenancies which began after 6 April 2007.
If you would like to review our guide on tenant deposit schemes - please click here.