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

    TDS with no deposit

    I am about to let a property without a deposit. The reasons for this are 1) I know the tenant, 2) he has agreed to help with a refurbishment while living in the property. effectively all of the damageable items such as carpets and paintwork will be removed or replaced while the tenant is in situ.

    Would there be any additional reason to take a token deposit and register it under a protection scheme? I.e. does it offer any additional legal protection for either party?
    0
    0


    If you are thinking of not taking a deposit then there is little point in taking a token deposit. I suppose it might make the tenant feel a little beholden but the admin is unlikely to be worth the hassle as it will still have to be protected.
    0
    0
    David Smith
    Landlord & Tenant Solicitor
    Anthony Gold Solicitors

    Find me on LinkedIn: uk.linkedin.com/in/dsnsmith

    All opinions are my own and do not reflect those of my firm. No comment made should be taken as legal advice and you should consult a solicitor or other legal professional for advice on your specific situation.
    Thanks David, that was my thinking. Just wondered if there was any legal angle I wasn't aware of, but probably best to forgo the whole deposit/protection issue.
    0
    0