Late tenancy deposit protection finesMake Text Bigger
I spoke to someone on the NLA helpline this morning who told me that the law is unambiguous – landlords registering deposits later than one month after receipt are liable to be sued for three times the deposit amount.
Looking online, I am unable to find definitive reference to this, and, most importantly, how are courts tending to implement this?
Are landlords being being subjected to these levels of punitive damages?
Can anyone help me with this?
I am interested to know primarily how this is working out in practice. I would imagine that if it were the case that tenants absolutely have the right to 3X the deposit amount in the case of late registration, there would surely be an epidemic of lawsuits going on right now?
Do you have any direct, recent experience of how this is being implemented or have no cases yet come to court under the new rules yet?
Thanks in advance.
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