Owners of properties in the UK due no later than June 2015 to bring their relationship with tenants in compliance with the new rules, according to which the binding conditions of the contract of lease of residential property in the UK is the presence of a security Deposit, which will guarantee security of the landlord.
A law requiring to charge such a Deposit was introduced on 6 April 2007, but now, the judicial practice requires that lease agreements which were concluded prior to that date and extended to date should be transferred in accordance with the law on Deposit no later than June 2015.
There was confusion in the understanding and interpretation of the provisions of the act.
Many homeowners that have already made a Deposit, I do not know whether they need to renew the lease before the due date.
Association of Agents of Residential Property in the UK encourages all homeowners to check and align their contracts to term. If homeowners don’t do this, they can lose the right to compensation in the amount of up to 3 deposits.
The issue of compensation all the time is one of the hottest in the relations between landlord and tenant of a property in England and is often the cause of the disorder.
The recent decision of the High Court of the United Kingdom , where the tenant contested the claim of the landlord for compensation for refusing not to smoke in the room was roughly what the requirements may make the landlord and which are not. In particular, the notice of the ban on Smoking cannot be regarded as a notice to quit.
The new scheme will protect the owner of residential property in the UK using the Mydeposits Deposit is simple and convenient. Any landlord can use the corresponding services on the Internet, which operates 24 hours a day, 7 days a week and to renew the old Deposit to the new contract, thus protecting themselves from unscrupulous tenants.
® Alice Morgan G. 17.06.2015
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