Lettings sector considers a tenant`s deposit scheme

Holloway, D.

Lettings sector considers a tenant`s deposit scheme - 1999 - CSM 8(9) May 1999, 38-39(2) .

Government and the lettings industry are working together to introduce higher standards of managing tenants' deposits. The RICS position is set out in the government approved RICS management codes and recently published guidance notes for letting residential property. As a whole the sector has to consider - the legal basis for holding a deposit; how and where it is held during the tenancy; and how it is distributed at the end of the tenancy. Discusses the issues.


DEPOSITS
RESIDENTIAL LETTINGS