Deposit retained by tenant find only agent?Make Text Bigger
Does anyone know what the legal position is regarding an agent retaining the tenants deposit when they have been employed for a tenant find only?
I already have an agent that manages my property and protects the tenants deposits, however, this agent claims that their procedure is to protect the deposits themselves through the DPS even with a TFO agreement.
I’ve used other agents in the past for a TFO and they have just forwarded the deposit to me, leaving it up to me to protect.
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