SPEEDTWIN Posted November 27, 2007 Report Share Posted November 27, 2007 Does anyone know what happens if the dead line is missed to protect the deposit. I have just taken over some properties from another agent and none of them are protected. I could protect them tommorow or just wait until the tenancy comes up for renewal. My question is, if it is protected after deadline would the DPS/goverment take the view better late than never or would it still cause problems at the end of the tenancy if there is a dispute. I know i have a potential problem if any tenants want to claim 3x deposit. Link to comment Share on other sites More sharing options...
GPEL Posted November 27, 2007 Report Share Posted November 27, 2007 I think that this has still to be tested. I think it's better to register soonest and keep evidence that the previous agent didn't meet the deadline. Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted November 28, 2007 Report Share Posted November 28, 2007 Presumably when you took over "management " of prop bond was "handed" to you at this point ......I would think you will have a very strong case if you prtect within 14 days of receipt .....If LL still holding bond then it will be his problem??? but he should get it protected asap, like yesterday ! Still unchartered waters so we all watch with great interest! Simon Link to comment Share on other sites More sharing options...
SPEEDTWIN Posted November 28, 2007 Author Report Share Posted November 28, 2007 I am now protecting all and a lot will be after the 14 days. I will just hold my breath and as soon as the renewal comes up issue new AST and protection. Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted November 28, 2007 Report Share Posted November 28, 2007 If possible declare the "deposit received date" as within the last 14 days ...if for eg you received cash !! or if cheque then recd date is dated it cleared into you acc NOT date cheque issued .....(or at least i would agrue that it was/is...!) I know people who are in same position ( there are 1000'sout there !) but as a lot have taken cash they are declaring receipt within 14 days of protection ... S Link to comment Share on other sites More sharing options...
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