private renting housing deposit

[firstship]

Lived in Private Rented Housing for 17 years,and recently was advised by the Land Agent that my £900 deposit was being transferred into renting housing deposit scheme as required by recent changes in the law,and the amount being transferred was the £900 deposit +£427 interest,which is very nice however,it is unclear as to whether I can ask for the interest element to be paid to me now as a one off payment

 

Any idea's

 

Thanks FS

[raydetinu]

You can always ask? ( deposit does not need to be protected unless you signed a contract after April 2007; in that case it should of been protected before May 2012, and you can sue if it was not! ).

[firstship]

Many thanks for your reply,my contract goes back 17 years when first signed. The land agents felt it was a good idea to sign up to a deposit scheme for all of their tenants.as most of us have been tenants for a very long period

 

Thanks

FS

[ashmk]

That's nice they offer the interest. You have a good agent there.

[Lea_HTH]

You can always ask? ( deposit does not need to be protected unless you signed a contract after April 2007; in that case it should of been protected before May 2012, and you can sue if it was not! ).

 

All deposits from tenancies created before 2007 have to be protected, if subsequent to the change in law in 2007, the tenancy became a statutory periodic tenancy.