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What does term mean “agent as stakeholder”
f.castle
Posts: 85 Forumite
Hello,
just reading over an AST agreement.
What does “the agent as stakeholder” mean, under the deposit heading?
just reading over an AST agreement.
What does “the agent as stakeholder” mean, under the deposit heading?
- The Deposit is held by:
- - The Agent as Stakeholder. The Agent is a member of The Deposit Protection Scheme.
I’ve searched for a name in a property to see if the deposit is protected and cannot find the tenant.
I’m not sure the deposit is protected or if it is under a different name?
I’m not sure the deposit is protected or if it is under a different name?
0
Comments
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It means that the deposit is protected by insurance, rather than by the DPS as custodian. The LA retains the deposit.
https://www.depositprotection.com/agents-landlords/starting-a-tenancy/custodial-vs-insuredNo free lunch, and no free laptop
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