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Landlord has run off with my deposit
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redman693
Posts: 1 Newbie
Hi
I was informed yesterday that my letting agent has been reported to the police for 'financial irregularites' it turns out he has been stealing the deposits of tennants and not paying landlords the rent. due to this he is now closed down and all the properties have been moved over to another franchise in the same organisation. After speaking to the new letting agents he told me that my depsit was one of the ones stolen and advised me to cancel the standing order for the rent. The tennacy agreement runs out at the end of this month and we have not renewed it as we were keen to move anyway before all this happened. My question is where do i stand legally if i cancel the standing order and stay for an extra month to reclaim what would have been my deposit and then move on at the end of april? i know it sounds quite immoral but i wont be able to move house without the deposit back from where i'm living now.
HELP!!!
thanks
Paul
I was informed yesterday that my letting agent has been reported to the police for 'financial irregularites' it turns out he has been stealing the deposits of tennants and not paying landlords the rent. due to this he is now closed down and all the properties have been moved over to another franchise in the same organisation. After speaking to the new letting agents he told me that my depsit was one of the ones stolen and advised me to cancel the standing order for the rent. The tennacy agreement runs out at the end of this month and we have not renewed it as we were keen to move anyway before all this happened. My question is where do i stand legally if i cancel the standing order and stay for an extra month to reclaim what would have been my deposit and then move on at the end of april? i know it sounds quite immoral but i wont be able to move house without the deposit back from where i'm living now.
HELP!!!
thanks
Paul
0
Comments
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If the new letting agents have advised that its ok to not pay i would make sure you get it all in writing to confirm it.
If they later disputed saying this and you do not pay the final months rent the letting agent would have to take you to court to reclaim the money, at this point they would also have to explain why they cant return your deposit. Therefore, i presume that it would be ok to hold onto the final payment.0
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