Deposit

Question 1

How deposit can be held by agent at common law

Answer 1

As agent for landlord

As stakeholder

Question 2

Agent for landlord

Answer 2

Agent has to act according to landlord instruction whether he agrees with landlord or not

Intrastate belongs to person who owns money so tenant but this might be split

Question 3

Stakeholder

Answer 3

Agent has to have express consent from both parties
I test is held by stakeholder
Agent has to negotiate and if this doesn’t resolve both parties would have to go to court

Question 4

2004 housing act AST
Deposit must be held under approved scheme
What types of approved schemes are they

Answer 4

Custodial scheme

Insurance scheme

Question 5

Three types of deposit

Answer 5

Tds
Dps
My deposit

Question 6

Custodial scheme

Answer 6

The scheme will

Hold deposit and it’s free to use

Question 7

Insurance based scheme

Answer 7

Deposit can be held by landlord or agent but there is small charge