TDS and deposits held by agentMake Text Bigger
This one has gradually crept up on me…….
As I now have several properties the value of deposits held by my letting agent is starting to add up to quite a big number.
He does my properties on a finding fee basis although is about to do one on a monthly fee, anyway this aside he uses the TDS model and holds the deposit.
As I understand it in the unlikely event he was to go “tango uniform” I would be liable for the deposits.
On this basis it would be safer for me to hold the deposits, is it reasonable for me to ask for them?
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