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Proposed Changes to Tenancy Deposit Schemes Proposed Changes to Tenancy Deposit Schemes

Proposed Changes to Tenancy Deposit Schemes

8th August 2014 | Written by Michael Devlin | Categories : Landlord Litigation
Proposed Changes to Tenancy Deposit Schemes

Landlords will be relieved to know that some of the nightmare situations caused by the Superstrike v Rodrigues case will soon by addressed.

The Deregulation Bill is presently going through Parliament (next stop House of Lords on the 21st October 2014) and hopefully it will mean that Landlords who have already protected and served their prescribed information notices will be taken has having complied with their obligations i.e. they will not have to do it again (& again & again etc) if the tenancy becomes a periodic tenancy after the end of the fixed term.

If you have taken a deposits before 7 April 2007 (when the tenancy deposit scheme regulations first came into force) and not have not protected it, you will have a 3 month period of grace to protect it and serve the Prescribed Information from the date that the amended law comes into force.
At least that is what is proposed and updates will be posted here and on our Twitter feed.
In what is becoming an increasingly and confusing regulated sector we can help guide you through the process of recovering possession of your property and any rent arrears in a clear and simple manner.

Contact us on 01565 754444 or by email to michael@simplylitigation.co.uk to discuss what we can do for you.