Landlord's beware!!

Everyone knows deposits received post April 2007 must be protected but who is going to inform Landlords who have deposits received pre April 2007 they must be immediately protected.

The repercussions of not placing in the scheme are a possible fine of 3 x the monthly rent, but more importantly a Section 21 Notice requesting vacant possession is not valid unless the deposit is properly protected meaning Landlords could be stuck with their tenants longer than they ever intended.