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The No.1 Deposit Law Claim Service.
Landlord or agent not protected your deposit? Want your deposit back? If your deposit is not protected by your landlord or letting agent, then we can get your deposit back and claim up to 3 times your deposit in compensation. We offer a 'No Win, No Fee' service and we take care of the whole deposit claim process.​
Just Click Here to find out if your deposit is protected and if you can claim.
DEPOSIT LAW
"The lettings industry has gone from strength to strength, and letting agents and landlords alike, have been benefiting greatly at the expense of tenants."
"However, here at IMDP, we make sure that landlords and agents live up to their responsibilities when holding your money, so that you are protected, and those that fail to follow their obligations, are brought to account."
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Consumer protection is at the heart of what we do.
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Tenancy Deposit Protection : In April 2007 it became law (Housing Act 2004) that all deposits collected by Landlords or Agents, [even renewing an AST] need to be registered in either a custodial scheme or an insurance based scheme. These schemes protect all deposits on Assured Shorthold Tenancies in England & Wales.
The Deposit Legislation was updated April 2012 and the Landlord or person deemed to be holding the Deposit must now comply with the new Deposit protection Laws or face a mandatory fine Legislation revised 2012. Within 30 days of receiving a deposit the Landlord or Agent must lodge the deposit in a scheme or insure it.
They must also give the tenant and any other person/entity who provided the deposit, details about how their deposit is protected including:
The contact details of the tenancy deposit scheme selected.
Provide the prescribed information and schemes' conditions to the tenant and other person(s) who may have paid the deposit (parent etc).
Details from the scheme of how to apply for the release of the deposit.
Information explaining the purpose of the deposit and definition of how such monies would be returned.
Penalties for failing to comply
If a Landlord or Agent fails to comply with the deposit legislation they maybe ordered by the courts to return or protect the deposit AND ALSO pay the Tenant NO LESS than one times the value of deposit BUT NO MORE THAN than three times the deposit value, further penalties may include being unable to serve a Section 21 Notice, until the deposit breach has been remedied.
Tenancy Deposit Protection is designed to ensure:
Tenants get all or part of their deposit back, when they are entitled to it.
Any disputes between Tenants and Landlords or Agents will be easier to resolve.
Landlords and Letting Agents who do not protect tenancy deposits may have to pay their Tenant back three times the deposit.
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