Tenancy Deposit Schemes

Tenancy deposit scheme changes

The Tenancy deposit scheme (TDS) is designed to prevent landlords from failing to return a tenant's deposit and also ensure landlords are not left out of pocket when a tenancy expires and a tenant abandons the property. A number of changes to the TDS came into force in April 2012:

• The period for the landlord to protect a deposit in accordance with the rules of the TDS and give prescribed information to the tenant was increased from 14 to 30 days.
• If the landlord fails to comply with the TDS, the tenant can now apply to court even if the tenancy has ended.
• The penalty for failing to comply with the TDS will now be between one and three times the deposit.

This checklist details the changes to the TDS and explains what a landlord's obligations are under the TDS.

For further information, please contact our Commercial Property Team.

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O'Neill Patient Solicitors LLP
Chester House, 2 Chester Road, Hazel Grove,  Stockport, Cheshire, SK7 5NT

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0161 694 3000 / 0161 483 8555

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info@oneillpatient.co.uk

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