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Secure deposit scheme

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Author Topic: Secure deposit scheme  (Read 230 times)
Newbie
Posts: 1

I like property

« on: October 08, 2020, 01:59:49 AM »

I dint secure my tenants deposit, I signed 1 tenancy agreement for the first year. But for the second  year there was not contract. I will be penalized for each year  or only for the first year that there is 1 tency agreement? I am aware it is one  to three times penalty the amount of the deposit.
Sr. Member
Posts: 435

I like property

« Reply #1 on: October 08, 2020, 10:44:43 AM »

Per tenancy.

If "first year" was a fixed term tenancy, by necessity there was at least a second tenancy for the "second year", so at least two penalties.
Newbie
Posts: 8

I like property

« Reply #2 on: October 16, 2020, 11:52:50 AM »

You don't need to pay any penalty if they deposit is still in the deposit protection schem.
Sr. Member
Posts: 435

I like property

« Reply #3 on: October 16, 2020, 12:37:21 PM »

That's not how the law works...........
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