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The tenancy deposit scheme

By: Contributor(s): Language: English Series: Lovells Real Estate Quarterly ; September 2007, 6-8(3)Publication details: 2007Subject(s): Summary: Describes the effects of the Tenancy Deposit Scheme (TDS) on commercial landlords when selling mixed use developments. It is necessary to consider this scheme in a commercial context whenever part of a unit is let on an assured shorthold basis. Deposits may need to be transferred to new owners within the scheme. The departing owner will want to seek assurance from the new landlord that it has protected these under one of the approved schemes. If the deposit is not protected under the TDS the previous landlord may still be liable for its return.
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Journal article London Journal article L140816 (Browse shelf(Opens below)) 1 Available 140816-1001

Describes the effects of the Tenancy Deposit Scheme (TDS) on commercial landlords when selling mixed use developments. It is necessary to consider this scheme in a commercial context whenever part of a unit is let on an assured shorthold basis. Deposits may need to be transferred to new owners within the scheme. The departing owner will want to seek assurance from the new landlord that it has protected these under one of the approved schemes. If the deposit is not protected under the TDS the previous landlord may still be liable for its return.