Jump to content

Letting Agent gone bust - where is deposit

Recommended Posts

Wonderful tenant moved in Feb 2011. Moved out Oct 2012.

Agent used for letting contract, references and setting up dps deposit.

Agent was well established - we bought house of them 7 years earlier.

We had to chase agent to give us the remainder of 1st month's rent owed to us, and repeatedly asked them to transfer deposit in dps to our name.

They said - let it stay in their name and we contact them when the tenant moves out.

NOW THOUGH, agent went bust a month ago (aggghhhh!) and FINALLY got an answer out of dps that the tenant has an account, with the correct address and amount of deposit, but it has been 'CANCELLED' and monies were never received.

Has anyone else had this experience?

Can anyone direct me where to go next?

NB Citizen's Advice Bureau don't help landlords because of possible conflict of interest with tenants.

Please help me. we're talking about £787.50.

Link to comment
Share on other sites

Bad news I am afraid. :ph34r:

You will have to return the deposit to your tenant out of your own funds. Recent Court case where the same happenings as you have just experienced after the LA went bust found in favour of the tenant.


Link to comment
Share on other sites

Check to see if the agent was a sole practitioner or a Ltd

If they are a non limited entity raise a claim against them if they are a Ltd check to see if they have gone insolvent or if they are just in the process.

If they are and Ltd in the process of going insolvent write to companies house asking for a stay on it as you aim to raise a claim.

Hope this helps.

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...