THE TENANCY DEPOSIT RETURN Clause Samples
The Tenancy Deposit Return clause outlines the conditions and procedures for returning a tenant’s security deposit at the end of a lease. It typically specifies the timeframe within which the landlord must return the deposit, any permissible deductions for damages or unpaid rent, and the process for resolving disputes over the amount returned. This clause ensures that both parties understand their rights and obligations regarding the deposit, helping to prevent misunderstandings and disputes when the tenancy concludes.
THE TENANCY DEPOSIT RETURN. Here you will find general information about the return of your deposit and the timescale involved. Additional information about the return of your deposit is given in the leaflet ‘What is the Tenancy Deposit Scheme?’ which we will provide you.
1. Please take time to read your Tenancy Agreement and other documents, your tenancy will run smoother if you understand things fully.
2. We are here to help you, if you need assistance with any aspect of your tenancy, please ask us.
3. You are entering into a Legal Agreement which places obligations on you for the duration of your tenancy term. You should comply fully with these obligations to ensure your tenancy runs smoothly.
4. Whilst your rental property is ‘your home’, it does belong to someone else so please treat it with respect.
5. If your circumstances change, you have difficulty with your rent, or have other issues, please talk to us as early as possible. The sooner we know, the sooner we can help.
THE TENANCY DEPOSIT RETURN. 9.1 The Landlord’s Agent will notify the Tenant within 20 working days of the end of the Tenancy if they propose to make any deductions from the Deposit.
9.2 If there is no dispute, the Landlord’s Agent will keep or repay the Deposit, according to the agreed deductions and the conditions of this Tenancy Agreement. Payment of the Deposit or any balance of it will be made within 10 working days of the Landlord and the Tenant agreeing the allocation of the Deposit.
9.3 The Tenant will inform the Landlord’s Agent in writing if the Tenant intends to dispute any of the deductions regarded by the Landlord or the Agent as due from the deposit within 20 working days after the termination or earlier ending of the Tenancy and the Tenant vacating the premises. The Independent Case Examiner (ICE) may regard failure to comply with the time limit as a breach of the rules of the Tenancy Deposit Scheme (TDS) and if the ICE is later asked to resolve any dispute, may refuse to adjudicate in the matter.
9.4 If, after 20 working days following notification of a dispute to the Landlord’s Agent and reasonable attempts having been made in that time to resolve any differences of opinion, there remains an unresolved dispute between the Landlord and the Tenant over the allocation of the Deposit, the dispute will (subject to clause 9.5 below) be submitted to the Independent Case Examiner for adjudication. All parties agree to co-operate with the adjudication.
9.5 The statutory rights of the Landlord and the Tenant to take legal action through the County Court remain unaffected by clauses 2.1 to 2.5 and 9.1 to 9.4 Under the Housing ▇▇▇ ▇▇▇▇, the landlord is required to give the following information to the tenant and anyone who paid the deposit on the tenant's behalf (“Relevant Person”) within 30 days of receiving the deposit. This is to ensure that tenants are made aware of their rights during and at the end of the tenancy regarding the deposit.
(a) The scheme administrator of the Tenancy Deposit Scheme is: ▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone ▇▇▇▇ ▇▇▇ ▇▇▇▇ Email ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Web ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
(b) A leaflet entitled What is the Tenancy Deposit Scheme?, which explains the operation of the provisions contained in sections 212 to 215 of, and Schedule 10 to, Housing ▇▇▇ ▇▇▇▇, must accompany this document when given to the tenant and any relevant person.
(c) The procedures that apply under the scheme by which an amount in respect of a deposit...