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Deposit protection
tommo194850
Posts: 1 Newbie
Hello, this is my first post here. I've been letting out a house for a few years now to a great tenent. However, my circumstances have changed and I need to sell the house so I've gone through the right channels. The tenent isn't overly keen as it means uprooting etc but she's accepted it.
Problem we have is she can't afford the deposit on a new house, until she gets the deposit back on this one, which is currently protected.
I was wondering if there is any way I could pay her deposit back out of my money (recently seen property and it needs a lick of paint as you'd expect but otherwise no issues) and then she somehow signs the protected deposit over to me? I'm going to ring the deposit scheme on Monday but just wanted some advice from you guys. If it was possible to go ahead I'd obviously go through my agent so it's done officially etc.
It would benefit her greatly but also benefit me as at the moment she can't afford to move.
Thank you in advance
Problem we have is she can't afford the deposit on a new house, until she gets the deposit back on this one, which is currently protected.
I was wondering if there is any way I could pay her deposit back out of my money (recently seen property and it needs a lick of paint as you'd expect but otherwise no issues) and then she somehow signs the protected deposit over to me? I'm going to ring the deposit scheme on Monday but just wanted some advice from you guys. If it was possible to go ahead I'd obviously go through my agent so it's done officially etc.
It would benefit her greatly but also benefit me as at the moment she can't afford to move.
Thank you in advance
0
Comments
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Why not simply release the deposit from the scheme to her.0
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Sounds a bit risky, you'll then have no deposit? But then again, if she's a good tenent and it's mutually beneficial.0
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