New AST - Is a new Deposit Protection required?
Tenancy Deposits

Ray D
Ray D
131 Thanks
759 Posts
14 years ago
Scenario: At the start of the tenancy a deposit is taken and protected. If the tenancy is renewed at a later date, are you required in law to release the deposit and re-protect it? Of course this may mean assessing inventories etc as well.

I ask this question because I have had different answers from different deposit schemes. The TDS have specifically stated that if the tenant has re-signed a new contract there is no need to inform them as the deposit will remain protected. However, on the MyDeposits website they state that if you do not re-protect the deposit you are 'breaking the law'. Of course MyDeposits charge a fee each time which may be the rub however they do state that it is illegal!

Who is correct?

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.