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Avoid deposit slips

By: Series: Property Week ; 66(13) 30 March 2001, 76-77(2)Publication details: 2001Subject(s): Summary: Provides advice to landlords on the handling of rent deposits, and how to avoid being short-changed. For instance, warns landlords to ensure they have complete control over the deposit, and highlights the risks involved in holding monies in trust. If a deposit is held by a third party, stresses the importance of ensuring that the basis on which it is held is clearly defined. Advises landlords to obtain a deposit that covers all the money due under a lease: the service charge, insurance, VAT. Looks at the position of rent deposits granted before and after the Landlord & Tenant (Covenants) Act 1995.
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Journal article London Journal article ABS63724 (Browse shelf(Opens below)) 1 Available 111762-1001

Provides advice to landlords on the handling of rent deposits, and how to avoid being short-changed. For instance, warns landlords to ensure they have complete control over the deposit, and highlights the risks involved in holding monies in trust. If a deposit is held by a third party, stresses the importance of ensuring that the basis on which it is held is clearly defined. Advises landlords to obtain a deposit that covers all the money due under a lease: the service charge, insurance, VAT. Looks at the position of rent deposits granted before and after the Landlord & Tenant (Covenants) Act 1995.