Leasing and Letting Flashcards
1
Q
How would you deal with registering a tenancy deposit for a PRT?
A
Register the deposit with Safe Deposits Scotland - tenant pays deposit to landlord, landlord pays deposit to TDS within 30 working days - TDS holds funds for duration - end of tenancy, tenant and landlord agree repayment and apply to TDS - sends payment to either or both party within 5 working days.
2
Q
What amount of deposit can be taken from a tenant?
A
Up to two months worth rent
3
Q
What governs tenancy deposits?
A
Tenancy Deposit Schemes (Scotland) Regulations 2011
4
Q
What happens if a tenancy deposit is not deposited within a third party account within 30 days?
A
The tenant can get the full deposit back
5
Q
A
