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If I am not taking a deposit do I need to provide the tenant with deposit protection info?
ftsos
Posts: 177 Forumite
I understand if you are taking a deposit you have to provide a deposit protection certificate, and a prescribed information booklet, and what is the tenancy deposit scheme booklet. Now if I am not taking a deposit I assume I don't have to print those booklets for the tenant, correct?
Thank you.
Thank you.
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Comments
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Aren't you opening yourself up to other issues by not taking a deposit such as the tenant causing damage to the property?2024 wins: *must start comping again!*1
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Someone I know. However, at the same time I don't want fall foul of the law.0
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Yeah, I sublet (agreed with Landlord) to someone I know, long story short I ended up in court with a CCJ that took 3 years to be removed/overturned/whatever the term is I forgot.
I'd take a deposit!Credit cards: £9,705.31 | Loans: £4,419.39 | Student Loan (Plan 1): £11,301.00 | Total: £25,425.70Debt-free target: 21-Feb-2027
Debt-free diary1 -
So two issues:1) letting to 'someone you know' and hence ignoring the normal business common sense2) Letting whilst clearly having gaps in your understanding of tenancy law. There are multitudes of laws, regulations (not to mention sound business principles) that you should be aware of.Before jumping in, make sure you learn what's involved. And I don't mean by posting ad hoc queries on a consumer forum.OK - lecture over. Correct: you don't have to print those booklets for the tenant.
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You are right on your points and I do agree with you. Separately, thank you for answering my question and confirming that I don't need to waste my printer ink since I am not taking a. deposit.greatcrested said:So two issues:1) letting to 'someone you know' and hence ignoring the normal business common sense2) Letting whilst clearly having gaps in your understanding of tenancy law. There are multitudes of laws, regulations (not to mention sound business principles) that you should be aware of.Before jumping in, make sure you learn what's involved. And I don't mean by posting ad hoc queries on a consumer forum.OK - lecture over. Correct: you don't have to print those booklets for the tenant.1 -
Can I check if your mate is renting the whole place or just a room in your place?Mortgage started 2020, aiming to clear 31/12/2029.0
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No, if you're not taking a deposit from the tenant then you do not need to provide deposit protection information because there will be none.0
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Personally the protection of having a deposit, for the what if problems? is worth a bit more than a few pence on printer ink.ftsos said:
You are right on your points and I do agree with you. Separately, thank you for answering my question and confirming that I don't need to waste my printer ink since I am not taking a. deposit.
The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon2
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