How do I correctly register my deposit with a government-backed tenancy deposit scheme in the UK, and what are the current deadlines for doing so as a new landlord?
Quick Answer
Landlords must register tenancy deposits with a government-backed scheme within 30 days of receiving the funds. Failure to do so can result in significant fines and legal complications, especially concerning eviction proceedings.
About This Topic
New UK landlords must register tenancy deposits within 30 days in a government-backed scheme to avoid penalties of 1-3x the deposit amount and ensure valid Section 21 notices.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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