A Tenancy Deposit Must Be Lodged With An Approved Third Party [EDITOR'S NOTE: Please note that, while the article which follows is still relevant in terms of the way the value of claims under the Tenancy Deposit regime are calculated, the procedure for making such claims are to be made in Scotland has altered from 01 December 2017. Most private domestic tenancy issues (i.e. tenancies without a local authority or social landlord) have been removed from the jurisdiction of the Sheriff Court. Now, these are now under the control of the First-tier Tribunal for Scotland (Housing and Property Chamber). This change means that it is not going to be financially viable in most cases to employ the services of a solicitor to make such claims. You can find further information on the mygov.scot website). Whether you are a landlord or a tenant of residential property in Scotland, you need to be aware of the new tenancy deposit landscape as it can have significant financial implications Continue Reading
Residential Landlords at Risk from Tenancy Deposit Claims
[EDITOR'S NOTE: Please note that the article which follows is still relevant in terms of the way the value of claims under the Tenancy Deposit regime are calculated. However, how such claims are to be made in Scotland has changed from 01 December 2017, with the removal of most private domestic tenancy issues (i.e. tenancies without a local authority or social landlord) from the jurisdiction of the Sheriff Court. Instead, these are now under the supervision of the First-tier Tribunal for Scotland (Housing and Property Chamber). This change means that it is not going to be financially viable in most cases to employ the services of a solicitor to make such claims. You can find further information on the mygov.scot website). If you own a house or flat in Scotland which you have let to tenants then you need to be aware of recent regulations which could put you at risk of financial penalties if you have not dealt properly with any deposit you have received from the tenants. The Continue Reading