Landlords face tougher penalties
The National Landlords Association is reminding landlords that they will face tougher penalties if they do not put their tenant's deposits into a government-approved scheme within 30 days. This is up from 14 days and comes into force on Friday, 6 April.
Landlords must also give their tenant the required Prescribed Information and Deposit Protection Certificate as proof they are protected within this 30 day period.
The changes come into force after changes to the Localism Act. There has been complaints about landlords and letting agents using administrative problems as an excuse for delays in depositing money. The change in the law will make penalties strictly enforceable, according to David Salusbury, Chairman of the National Landlords Association.
April 5, 2012
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