Tenancy in England is subject to various types of conditions.
One such condition relates to the deposit a tenant gives while entering into an agreement. The landlord has the liability to give back the claim amount after the tenancy term is over. They must abide by all the laws connected with the tenancy deposit claim.
Several schemes are present to protect the deposit. However, the landlord has the full responsibility of providing this protection. If you are a tenant, you must know when to apply for the tenancy deposit compensation claims.
Here we briefly describe the available schemes for safeguarding your initial deposits.
Meaning Of The Deposit Protection Claim
Mainly there are three kinds of schemes to deposit the amount of the tenants. If the landlord fails to carry out this duty, he will also be liable to pay heavy compensation, along with the actual amount. This can be three times the amount.
Moreover, the law states that the tenant can claim against the landlord for not protecting the deposit if the need arises. According to the deposit protection claim, you can claim the insured amount from the insurance company. This scheme involves investing the deposit with an insurer. It means that the landlord retains the deposit and pays the insurance premium throughout the term of the contract.
Thus, a deposit protection scheme will involve registering with an authentic organization for a respective deposit. Additionally, the landlord must provide all the information to the tenant within 30 days. In the absence of such activity, the tenant can go for legal action.
Perfect Time To Claim
You could go for claiming tenancy deposit back if the landlord or the concerned agent was deviating from the stipulated rules. If at the expiry of the tenancy period, your landlord becomes non-cooperative, you should not take tension. If, after repeated reminders, the person is not ready to give you back the deposit amount, seek support from Dispute Resolution Service.
The process is elementary, involving only the submission of requisite evidence. Moreover, the authorities will send such evidence to the adjudicator. The whole process will be absolutely impartial. Now, everything lays in the adjudicator’s hands to decide the final way of collecting the money. The authorities will send a copy of this decision to the landlord and the agent, if any.
The period for giving the evidence is 14 days. However, the adjudicator gets 28 days to complete the process. Often, the process of referring the case to the court can be expensive. Furthermore, it will be very time-consuming. Therefore, a simpler way of getting justice is through Dispute Resolution Service. Thus, there are enough options for the deposit protection claim.
Ending Note
The landlord has the right to decide the repayment pattern of the deposit amount. Therefore, the question of the tenancy deposit scheme claim arises when he/she or the agent refuses to address your request. Get well with the rules and regulations applicable for the tenancy deposits and raising of the claim. You need to submit the claim form filled in the proper manner.
Take help from a solicitor if you are unable to handle the situation alone. Several organizations exist now to give you online help. Contact any of them and go ahead with processing the deposit protection claim. The concerned insurance company will be bound to give back the claim timely on raising the request. A professional team can give you the correct guidance to avoid complicated litigations. So, make the wisest decision to protect your hard-earned money.