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Monday, 7 March 2011

Worried about your tenants deposit

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2031297/scotland-introduces-tenancy-deposit-scheme

Scottish Government has passed new Laws to insure that your deposit for the property you are renting will be safe.
In times of old a letting agent could set up business, collect several secuirty deposits and use the money for whatever they wanted.  If the business failed and all the money was spent the poor renter could be out £100's when he vacated the rented property.

Glad to see that someone in Government is paying attention.

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