New law will protect deposits for tenants
PUBLISHED: 14:24 29 March 2007 | UPDATED: 13:54 04 May 2010
THE district council is advising people in rented accommodation in East Cambs about a new law protecting tenants deposits. From April 6, the new tenancy deposit law will be introduced to prevent landlords and letting agents from unfairly withholding dep
THE district council is advising people in rented accommodation in East Cambs about a new law protecting tenants' deposits.
From April 6, the new tenancy deposit law will be introduced to prevent landlords and letting agents from unfairly withholding deposits.
The law will make it easier for tenants to get their deposits back and disputes with landlords will become easier to resolve.
Landlords and letting agents who do not protect deposits may have to pay it back three times over.
District council deputy chief executive Cecilia Tredget said: "We often hear of cases where a tenant and landlord fall out over a deposit at the end of an agreement - this often ends up with acrimonious disagreements and one side or the other feeling hard done by.
Landlords and agents can put tenants' deposits into a free custodial scheme or an insurance scheme to ensure it will be safeguarded.
INFO: Information for both landlords and tenants is available from the Housing Advice Team at East Cambridgeshire District Council or from Ely Citizens'
Advice Bureau. Details are also available at www.direct.gov.uk
If you value what this story gives you, please consider supporting the Ely Standard. Click the link in the orange box above for details.