Tenancy Deposit Protection

Rosemary7391

Hi all
I know a deposit has to be protected within '14 days' but within 14 days of what? I am a student and have signed a contract and paid a deposit for a house next year, starting 1st July 2010. Should the deposit be protected already or does the landlord hang onto it until July then protect it? I'm pretty sure my landlord is all above board etc. but I'd just like to know where I stand.
Thanks
Rosemary

G_M

Explanation below of the Housing Act 2004, section 4 part 6:



501. From the time these provisions come into force all landlords and their agents will be required to ensure that any deposit required in relation to an assured shorthold tenancy is safeguarded by a tenancy deposit scheme. Landlords, agents or tenants will not be able to avoid the legislation by agreeing that a deposit should not be safeguarded by a scheme. If a deposit is required the landlord or his agent will always be required to comply with the provisions. Within 14 days of the landlord or his agent receiving a deposit he must ensure that the deposit is safeguarded by an authorised TDS in accordance with the scheme’s requirements and give the tenant and, if relevant, the person who paid the deposit, such information as is prescribed by the appropriate national authority as to which scheme is safeguarding their deposit, how the scheme’s initial requirements have been met and details of the relevant legislation which protects their deposit.

far2812

Hi it should be 14 days after you paid the deposit - I had all sorts of problems so make sure it is done correctly.