15:53 PM, 27th January 2022, About 4 months ago 2
The council is just about to release money held in a deposit Bond which I now have to protect in the DPS scheme. The Bond is held with the Council as such time the tenant pays the total amount of it, to them (spread over 2 years).
At the time the deposit bond was 5 weeks rent, but in the last two years, the rent was increased. I have to deposit the bond money within 30 days, which I will of course do, but is there any way I can now increase the deposit to match the 5 weeks rent equivalent now?
I would have thought it was vital to ensure that the deposit level is maintained at the 5 weeks rent cap for precisely the reason why you have a deposit in the first place – to mitigate for rent areas/damages etc.
Do I deposit the original amount then explain this to the tenant and ask them to pay the difference, and how do I actually deposit this additional amount? Do I need to set up a ‘second’ deposit (is this even viable?) and serve the same docs for this in the same way as the first?
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