Deposit Advice

Most landlords obtain a deposit from their tenant to safeguard their interests in case the tenant breaks any fixtures and fittings at the property, or if any of the tenant(s) obligations, such as payment of rent, are breached.

Where a deposit is obtained for an Assured Shorthold Tenancy, there are rules in force which require landlords to place deposits received from tenants into a designated scheme within a certain time period. Failure to comply with the rules can have serious consequences for a landlord.

This area of law has been in a state of flux lately and as result many landlords have been caught off guard and have had penalty claims brought against them for failure to comply with the deposit regulations. We have successfully assisted many landlord clients in defending such claims and have a skilled team that can provide you with up to date and comprehensive advice regarding tenancy deposits.

To obtain further advice or to have a discussion, please contact us on 020 8290 0333 to speak to one of our solicitors in the Housing Management Team.