Welcome to Let it! - Lettings & Property Management Specialists Home Landlords Tenants About Us Pay Your Holding Fee Contact Us Portsmouth & Southsea Office : (023) 9287 6806 Waterlooville Office : (0845) 305 8060 Promotions Home Landlords Tenants Contact Us Letting Services Deposit Registration Advertising Legislation Insurance Products Clientel Client Feedback Deposit Registration As part of the Housing Act 2004 the Government has introduced tenancy deposit protection for all assured short hold tenancies (ASTs) in England and Wales where a deposit is taken. From April 6th 2007, all deposits paid under an AST have had to be protected within 14 calendar days of receipt by the landlord. The legislation aims to ensure that tenants who have paid a deposit to a landlord or letting agent and are entitled to receive all or part of it back at the end of that tenancy, actually get it. Who is affected? The legislation covers virtually all new AST contracts through which private landlords let property in England and Wales. However, the following will not need to be registered with a tenancy deposit protection scheme: * resident landlords (those living in the property) * landlords of properties with rent of over £25,000 a year * company lets * student accommodation let directly by universities or colleges. Deposits taken before 6 April 2007 do not need to be protected by a scheme such as The DPS. However, as an existing tenancy is renewed and a landlord agrees a new fixed-term tenancy, the initial deposit taken must then be lodged with a tenancy deposit protection scheme. If you require any further information please do not hesitate to contact Let it! We invite you to put Let it! to the test, Contact us on 023 9287 6806.