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As a landlord, I am trying to get deposit back from TDS - should I go to small claims

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  • housebuyer143
    housebuyer143 Posts: 4,265 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 3 April 2022 at 12:43PM

    ....................
    I cannot imagine why any landlord  of sound  mind would even consider not holding on to the deposit themselves and paying £20 or so for insuring it in the deposit scheme..............

    Why would anyone of sound mind spend £20 unnecessarily when custodial schemes are free, please?? 
    Because getting money out of the custodial schemes is hard work if the tenant does not reply or simply refuses to agree, because why would they if you are taking all the deposit for arrears etc. Sometimes you have to get a solicitor to sign a form to say you can't get hold of them! 

    The insured scheme you hold the money so you can tell them of the deductions, give them reasonable time to dispute it with you or the insured scheme and then if there is no contact you can basically assume it's yours. 
    It's a no brainer for £20.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    housebuyer143 said:
    Because getting money out of the custodial schemes is hard work if the tenant does not reply
    If the tenant doesn't put forward a defence then the full deposit is automatically returned to the landlord.
  • housebuyer143
    housebuyer143 Posts: 4,265 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Slithery said:
    housebuyer143 said:
    Because getting money out of the custodial schemes is hard work if the tenant does not reply
    If the tenant doesn't put forward a defence then the full deposit is automatically returned to the landlord.
    That's not my experience with DPS. It might have changed now though. 
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