I used a letting agent to manage the property when it was first let, and they sorted out the deposit. Since then I've stopped using them and manage the property myself. I assumed that I would not need to worry about the deposit until the tenants want to leave.
The 6 month assured shorthold tenancy is now complete and the tenancy became periodic over a year ago.
Should I have done something about the deposit at that stage, and is it now too late? If so what are the consequences?
I just read in the newsletter the following and it has worried me a little:
"Three key points to watch with deposits: (1) always protection a deposit within 30 days of taking it, re-confirm registration and follow the scheme’s procedures to the letter on renewal or when the tenancy becomes periodic (2) make sure you serve on your tenant the statutory prescribed information (s213) notice within the same timeframe, and (3) make sure you get proof of service. Unless you can prove you served the notice a tenant can easily block your possession claim by claiming it was never received."
Thanks
The 6 month assured shorthold tenancy is now complete and the tenancy became periodic over a year ago.
Should I have done something about the deposit at that stage, and is it now too late? If so what are the consequences?
I just read in the newsletter the following and it has worried me a little:
"Three key points to watch with deposits: (1) always protection a deposit within 30 days of taking it, re-confirm registration and follow the scheme’s procedures to the letter on renewal or when the tenancy becomes periodic (2) make sure you serve on your tenant the statutory prescribed information (s213) notice within the same timeframe, and (3) make sure you get proof of service. Unless you can prove you served the notice a tenant can easily block your possession claim by claiming it was never received."
Thanks