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Remus2004
Remus2004, Barrister
Category: Property Law
Satisfied Customers: 2451
Experience:  Over 5 years in practice.
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I TELEPHONED AN OFFICIAL LANDLORDS DEPOSIT SCHEME

Customer Question

I TELEPHONED AN OFFICIAL LANDLORDS DEPOSIT SCHEME FOR ADVICE ON THE SMALL DEPOSITS I COLLECT FROM MY TENENATS. I HAVE A HMO PROPERTY WHICH I HAVE A LICENCE FOR FROM THE LOCAL COUNCIL.
I SAID I ONLY COLLECT A BOND OF £50 PER ROOM. THEY SAID IF I ISSUE THE TENANTS WITH A SHORTHOLD TENANCYAGREEMENT FORM I WOULD HAVE TO JOINT THE SCHEMEM BUT IF I DONT USE A SHORTHOLD TENANCY FORM I WILL NOT NEED TO AS THE DEPOSITS ARE VERY SMALL. THEY SIA I SHOULD CONTACT YOURSELVES FOR FREE ADVICE ON THIS MATTER.
CAN U HELP PLEZ
IAN
Submitted: 2 years ago.
Category: Property Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you with this.
When someone signs up, is there a fixed term and if so, how long for?