switching deposit from one joint tenancy to another
Tenancy Deposits

nice guy
nice guy
28 Thanks
241 Posts
9 years ago
I have a deposit with DPS for 2 sharers on a joint tenancy. Lets call them tenants A & B. Deposit is in DPS under name of tenant A. Next month tenant B is leaving and I will issue a new tenancy for tenants A & C.

When I grant the new joint tenancy for A & C can is there anything I need to do about the deposit? I imagine I need to issue new prescribed info. But anything else? Can I just leave it alone as it is in the name of the tenant who is staying on, leaving the tenants to sort out amongst themselves who contributed what?

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