How long should I expect to wait for my bond back?
I paid the bond in cash and am told by the landlord I will receive the bond back in cheque form, is this right?
I am aware of the TDS April 2007, however I moved into my property 3 years ago, will I be covered by this new law?
2007-05-10 04:15:36 · 6 answers · asked by andy65kt 1 in Business & Finance ➔ Renting & Real Estate
iam a private tennant based in leeds uk.How long should I expect to wait for my bond back?
I paid the bond in cash and am told by the landlord I will receive the bond back in cheque form, is this right?
I am aware of the TDS April 2007, however I moved into my property 3 years ago, will I be covered by this new law?
2007-05-10 05:08:30 · update #1
4-6 weeks is standard to recieve a check back, i would want a check bc standard procedure is for them to put ur money in escrow, u acrude interest on ur bond for the year ur landlord held it. good luck!
2007-05-10 04:21:40 · answer #1 · answered by spadezgurl22 6 · 0⤊ 0⤋
You will not be covered by this new law im afraid.
If you have been checked out of the property and the landlord is happy with the condition of the place then you should really get your deposit back immediately.
Nothing wrong with paying you by cheque but i would make sure you keep his contact details in case it bounces. Try ask for a bankers draft maybe.
2007-05-10 04:22:00 · answer #2 · answered by Northerner 1 · 0⤊ 0⤋
Most Landlords will return deposits by cheque in order to retain proof that they have made the payment ...
Cash (and a Bankers Draft) can be 'lost' ... it is not unheard of for someone other then the Tenant to have paid the deposit in the first place (eg. parents / siblings / girlfriend / boyfriend) and for that person to expect it back.
2007-05-10 04:51:17 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
Contact your local authority. If you're in the UK they will have a department which deals with private landlord/tennant issues.
2007-05-10 04:28:27 · answer #4 · answered by Colin C 1 · 0⤊ 0⤋
Consult with an attorney who specializes in Real Estate Law and get a FREE consultantion for your options.
2007-05-10 04:19:35 · answer #5 · answered by JEDI MASTER YODA 4 · 0⤊ 0⤋
What country/state/territory are you in? Laws differ from locality to locality. What's right where I live may not be the same where you live.
2007-05-10 04:19:29 · answer #6 · answered by wibelle37 4 · 0⤊ 0⤋