Tenancy deposits in 20 minutes!

Nick HankeyDeputy Chief Executive

Reminder: What you must do

Comply with our ‘initial requirements’ by registering the deposit

Serve Prescribed Information and a scheme leaflet (including at renewal)

Return the deposit Fine of between 1 & 3 times the

deposit Be unable to use a Section 21

notice

The penalties

Who went wrong?

Nice Swindells

Old Superstrike

Superstrike explained

Deposit taken before April 2007

Fixed term ended in 2008 and a statutory

periodic tenancy arose

The deposit was not protected

It was determined that it should have been protected

In the Superstrike scenario?

Do nothing

Issue the PI now

Protect & serve PI before you issue a section 21

A fine may be unavoidable if the tenant takes matters to court

(see detailed guidance on the TDS blog)

Protect the deposit now

If you haven’t served PI for a historic renewed tenancy, you have three options

Myth busting…

“ I heard I need to ‘reprotect’ the deposit for each new fixed term and end protection for the old deposit because of Superstrike ”

What’s new?

New evidence

portal

New Prescribed Information Template

Membership renewal on

1 April!

No changes to rules, scheme

leaflet or ‘B’ clauses

Useful info!

@tenancydeposits

Tenancy Deposit Scheme

TDS Member Agents

Tenancy Deposit Scheme