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Letting Agency No Longer Managing Property
amy104
Posts: 283 Forumite
Please can you advise what paperwork is necessary.
We have a letter from the LA advising they will no longer be managing the property and that the landlord will be mabaging it himself and they will write shortly to confirm the new bank details which is all fine.
However the bit I'm confused by is that they can continue to hold onto the deposit until we leave. Do they not need to transfer this to the landlord for him to then put back into a deposit scheme?
Is there anything else we should be aware of, necessary paperwork etc.
To clarify we are on a periodic tenancy.
We have a letter from the LA advising they will no longer be managing the property and that the landlord will be mabaging it himself and they will write shortly to confirm the new bank details which is all fine.
However the bit I'm confused by is that they can continue to hold onto the deposit until we leave. Do they not need to transfer this to the landlord for him to then put back into a deposit scheme?
Is there anything else we should be aware of, necessary paperwork etc.
To clarify we are on a periodic tenancy.
0
Comments
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The tenancy deposit remains the responsibility of the LL: an LA acts on behalf of a LL only for as long as the LL wishes them to. If your LL is taking on full management himself then he needs to ensure that his details are held by the relevant deposit scheme.
If the LA is being removed from the equation then the LL must formally give you an address "at which notices may be served" as rent will not be collectable by him until he does.0 -
If the LA is being removed from the equation then the LL must formally give you an address "at which notices may be served" as rent will not be collectable by him until he does.
If such address has already been provided, e.g. agent's address, it remains so until landlord informs tenant of a new one. Whether the agent stops managing the property does not matter.0 -
Thank you. So I need to get my landlord to send us a formal letter detailing his address for notice purposes and presumably bank details so I can change the standing order.
He also needs to make sure the deposit is registered under his name in the tenancy deposit scheme.0 -
The letting agency are saying they can hold it in the TDS scheme until we vacate and I must request for it to be released to the landlord? They make it sound dodgy the way they word it.
So are they saying it cannot be transfered, it would need to be withdrawn from the scheme and released to the landlord who should then reprotect it?
Just want to get facts straight as landlord has never managed a property before and I want to be sure my money is safe.0
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