If you fail to protect your renters deposit with an authorised scheme then you could face a fine of up to 3 times the deposit amount. But fear not, help is on hand, as Movebubble speak to Tim and James from mydeposits. They will outline the different options available to landlords and letting agents to protect deposits, comply with their legal obligations and avoid penalties.
Tim is a qualified solicitor who in private practice specialised in commercial, landlord and tenant law. Tim plays a central role within the team dealing with all legal matters on behalf of mydeposits and also has an integral role in dispute resolution service.
James is the marketing manager for mydeposits, and takes the lead role in raising awareness of all things deposit related. James also ensures that the needs of landlords and agents are met by mydeposits.