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Change to re-register deposit


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I have just had the newsletter arrive from our local Landlord Authority Partnership, interesting article and I quote :

Recent case law on tenancy deposits sent the industry into a spin prompting new legislation aimed at residential landlords in 2015. Judges opinion meant that if an initial tenancy ran on to become a periodic one ,the deposit would need to be re-registered with a protection scheme. The Deregulation Bill, set for its third reading at the House of Lords on the 4th March 2015 ,will establish that a deposit will only need to be registered once at the begining of the tenancy.

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