Any deposit that you collect from your tenants must be protected.
Furthermore, you must inform your tenant of how you have protected
their deposit within 30 days of you having received it. Failing to do
so will not only prevent you from regaining possession of your property
following your agreement having expired, but is also likely to result
in you being issued with a substantial fine.
Tenancy Agreement can provide you with a Tenancy Deposit Protection
Form (also known as a Section 213 Notice) – which details the deposit
scheme that you are using, how your tenant can apply for their deposit
to be released and what to do in the event of a dispute regarding the
deposit – along with detailed guidance notes to help you
complete the form correctly.
With our Tenancy Deposit Protection form you can be sure you’ve complied
with the relevant legislation thus ensuring that you’re able to,
if necessary, evict your tenant and avoid unnecessary fines – and
all for just £4.99!