Who holds the deposit now I manage the tenancy account and the tenants are leaving
Tenancy Deposits

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2 Posts
12 years ago
I recently had an agency manage the letting of my property, however I have now dispensed with their services on 18th March. I was waiting for the tenants to sign the new contract before the agent transferred the deposit to RLA. In the interim the tenants have given 1 months notice to vacate the house.
What now do I do about the deposit, I am due to take the keys back on 18th April, is it worth transferring the deposit only to take it our of the account again in 3 weeks or can the agent hold it until then. Does the agent have any right to give it back to the tenants during this period without my permission?

Many thanks for the advice

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