X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Deposit Protection

    Deposit protection goes live in Northern Ireland

    [Image: logo.jpg]

    Tenancy Deposit Protection has gone live in Northern Ireland - meaning it is now a legal requirement across the whole of the UK.

    The Northern Ireland Executive passed the law in 2012 and the schemes went live yesterday on April 1st. There are differences to the schemes in England and Wales and Scotland, so if you let or manage properties in Northern Ireland it is very important that you prepare now. More information can be found on http://www.tdsnorthernireland.com

    The good news for landlords in Northern Ireland is that the new law is not retrospective. This means that only new deposits need to be protected and not existing ones, unlike when deposit protection was launched in Scotland in 2012 and all deposits had to be transferred to one of the custodial schemes. This should give you a bit more time to familiarise yourself with the regulations.

    The time limit to protect deposits is within 14 days of receiving it, and prescribed information must be served within 28 days. You have a choice of using either insurance or custodial protection.

    The penalty for not complying with the legislation is up to three times the value of the deposit, or a fine of up to £20,000, and district councils will be responsible for implementing the new regulations.

    There is a leaflet here with more information about the Tenancy Deposit Scheme Northern Ireland https://www.tdsnorthernireland.com/resou...reland.pdf
    0
    0