Tenancy rights in England are very strong, indeed. Therefore, you will not face any hurdle in claiming tenancy deposit back.
It is in the hands of the landlord about which scheme to choose for keeping deposits. Moreover, they must maintain the time limits to give back this amount. Non-compliance with the laws can land him up in a critical situation. Therefore, it is better to understand the laws well for both parties.
The agreement between both parties is essential when it comes to the deposit payment. But if the landlord refuses to keep the money in any deposit scheme, they will give damages for the same. If the deposit stays unprotected, you can always go for the tenancy deposit scheme claim.
A tenancy deposit scheme refers to a medium of keeping the deposit amount safe with a custodial. Hence, such a company acts as an intermediary in making you feel secure throughout. In case of any disputes with your landlord, there are enough chances to claim your money back.
After The Tenancy Period Is Over
As per the agreement, the tenancy period will come to an end after the specified period. However, you must be ready to ask for the deposit money from your landlord.
It is better to discuss the same before you leave the property permanently.
Several insurance options are also there to facilitate easy recovery of the deposit amount. This case involves getting an insurance policy for the whole of the deposit money. In the process, the custody of the amount lies with an agency or the landlord. Moreover, they are liable to pay the premium for the insurance. In common terms, such a process is known as the deposit protection scheme.
If you are expecting money back from this scheme, it is under the deposit protection scheme claim.
A few steps to get the custodian to work smoothly on this aspect are:
- Choose: This step includes selection between two available options. It is mostly applicable to landlords. They can go for custodial protection, which means the company will get the money, and Insured Protection, which implies the landlord will keep the amount.
- Register: Only a few minutes is enough to do the registration on the official website. After becoming a member, the landlord will register the concerned amount of deposit.
- Protection: This is the third step where the insured will have to pay a small fee. The landlord will pay this amount. Moreover, another alternative is passing the deposits under the custody of this third party organization. It is absolutely free.
- Confirm: You need to give all the information in the prescribed format to the tenant at the final step. Thus, there will not be any confusion concerning the agreement.
Thus, take the help of a legal advisor to get back your deposit money at once. Your landlord is bound to compensate you with an amount almost three times the original. It is as per the legal provisions of the land. Hence, you must not worry so much when the laws are in favour of your rights.
Conclusion
If you are going to leave the apartment, it marks the end of the tenancy agreement. Therefore, you need to claim the deposit money back from the landlord. You have all the rights to claim against landlord for not protecting deposit. Enter your request for repayment if the money is with an insurer. Check out all the latest advancements and initiatives in this regard coming up. Be always updated to safeguard your deposit in the best manner whatsoever. Possess knowledge as a tenant and take necessary actions.