“The Tenancy Deposit Scheme (TDS) legislation, set out in sections 212 to 215 of the Housing Act 2004, came into force in 2007 in respect of tenancy deposits paid by assured shorthold tenants. Essentially, it imposes two requirements on landlords:
(1) protection of the deposit paid in respect of such tenancies by paying it into an authorised scheme within 14 days of receipt of the deposit; and
(2) provision to the tenant of prescribed information, again within 14 days of the receipt of the deposit.”
Full story (PDF)
Zenith Chambers, 5th April 2012
Source: www.zenithchambers.co.uk
