What are my legal obligations regarding tenant deposits, specifically how do I protect a deposit in a government-backed scheme and what is the timeframe for providing prescribed information to the tenant?
Quick Answer
Landlords are legally obligated to protect tenant deposits in an authorised scheme within 30 days of receiving funds and provide prescribed information to tenants within the same timeframe.
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Learn UK landlord obligations for tenant deposits: protect funds in a government scheme & provide prescribed information within 30 days to avoid penalties.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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