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new_fred
27-03-2009, 17:54 PM
Hi all,
My tenant has lived in my property for around 11 years. Each year I give him a new AST lasing 12 months. At the beginning of his first tenancy agreement, when he first moved in (around 11 years ago) I took a deposit of £675.

Do I still have to put this deposit in a deposit scheme even though I received it many years before the scheme was introduced?

Any help gratefully received.

jta
27-03-2009, 18:33 PM
Hi all,
My tenant has lived in my property for around 11 years. Each year I give him a new AST lasing 12 months. At the beginning of his first tenancy agreement, when he first moved in (around 11 years ago) I took a deposit of £675.

Do I still have to put this deposit in a deposit scheme even though I received it many years before the scheme was introduced?

Any help gratefully received.

It would be wise to put it into a scheme, since you are issuing new agreements it could be argued that you are in breach of the law.

mind the gap
27-03-2009, 22:37 PM
Yes, legally it should be protected, since you have issued new ASTs. (Had you allowed a pre-April 2007 agreement to become periodic, it would not have been necessary).

Protect it, quick! :)