Time penalties
Tenancy Deposits

0 Thanks
6 Posts
13 years ago
I did not protect a payment received from a tenant until some 9 months after receipt. It is protected now. Are there any penalties? If so, on what grounds can I argue against imposing them? I do have reasons for not protecting initially, the tenant had applied for the local Housing Aid Deposit protection guarantee scheme and wanted to move in immediately. I accepted a payment, agreeing to refund when the gaurantee scheme was in place. The guarantee was never received and it was forgotten about until the tenant asked me where it was. I immediately paid it into the DPS.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.