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NLA reminds landlords in Scotland to protect tenants' deposits before November deadline
The National Landlords Association (NLA) is reminding landlords in Scotland that they must protect all tenants’ deposits by 13th November 2012. Landlords now have less than a month to register all existing deposits in a government-licensed scheme, such as my|deposits Scotland. Those who fail to meet the deadline could be fined up to three times the deposit amount. And as of 2 October, all new deposits taken must be protected within 30 working days form the beginning of the tenancy. David Salusbury, Chairman of the NLA, says: “The introduction of tenancy deposit protection affects every tenant, landlord and letting agent in Scotland so it is essential that everyone understands their obligations. “TDP schemes, such as my|deposits Scotland, offer the benefit of a fair and neutral dispute resolution service if there is a difference of opinion over the return of the deposit at the end of the tenancy.....Read more here: CCR Magazine - NLA reminds landlords in Scotland to protect tenants' deposits before November deadlineYou must be logged in to post a comment.
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