Why have I not received my deposit back?
If your deposit didn’t need to be protected and your landlord refuses to give it back, you might have to take them to court. Going to court can be expensive and stressful. You’ll need to take your landlord to the small claims court to get your money back.
How long should I wait for my deposit back?
within 10 days
Rules surrounding returning a deposit If your landlord holds your deposit (so should be protected in the Insured scheme), the landlord should pay your deposit back within 10 days of your request for the deposit to be returned. A tenant cannot request the return of their deposit before the tenancy ends.
Is it illegal to not give back deposit?
Your Landlord is legally obligated to return your deposit within 10 days of you both agreeing how much you’ll get back (after the tenancy has ended, of course). Objectively speaking, he doesn’t have a legal leg to stand on- so it’s in his best interest to make sure he returns the deposit.
Can I get my holding deposit back?
A holding deposit is money paid when you’ve agreed to rent a property, but haven’t signed a contract. It remains your money, and should be returned unless the landlord can show they’ve suffered a financial loss. If you paid a holding deposit, you’ll need to try to get this back from the agents.
Do I have a right to change my mind?
It’s safe for you to admit that you’ve made a mistake or have misjudged a situation, and have now changed your mind. Changing your mind doesn’t make you a bad person, but a person who is thoughtful, clear and willing to admit that you hadn’t thought things through thoroughly when you initially made the decision.
What is the fine for not protecting a deposit?
You might be able to get compensation if your landlord didn’t follow the rules when you paid your deposit. You could get back 1 to 3 times the amount you paid if your landlord didn’t: protect your deposit at the right time.
When do I need to make a claim for my deposit back?
You’ll usually have to make your claim within 3 months of moving out of the property. Check your scheme’s website to find out how to use their ADR service. You’ll have to accept the ADR service’s decision. You’ll need to fill in a form to explain why you think you should get your deposit back.
How long does it take to get money back after depositing?
If you’re only disputing part of your deposit. If you’re only disputing part of your deposit, you’ll get the rest of your money back straight away. You’ll usually get your money back in 10 days but it’ll depend on your situation and what scheme your deposit is in.
What happens if I win my court case and get my deposit back?
You’ll have to pay court costs upfront but you might get them back if you win your case. If you lose, you might have to pay your landlord’s costs – this could be for things like travel expenses and court fees. You’ll need to take your landlord to the small claims court to get your money back.
How is the net deposit figure worked out?
The Net Deposit figure is worked out simply by taking the Total Withdrawals amount from the Total Deposits amount. If you have deposited more than you have withdrawn to a payment source you will have positive Net Deposits. If you have withdrawn more than you have deposited to a payment source you will have negative Net Deposits.
You’ll usually have to make your claim within 3 months of moving out of the property. Check your scheme’s website to find out how to use their ADR service. You’ll have to accept the ADR service’s decision. You’ll need to fill in a form to explain why you think you should get your deposit back.
If you’re only disputing part of your deposit. If you’re only disputing part of your deposit, you’ll get the rest of your money back straight away. You’ll usually get your money back in 10 days but it’ll depend on your situation and what scheme your deposit is in.
You’ll have to pay court costs upfront but you might get them back if you win your case. If you lose, you might have to pay your landlord’s costs – this could be for things like travel expenses and court fees. You’ll need to take your landlord to the small claims court to get your money back.
How can I get my deposit back from a letting agency?
If your home is managed by a letting agency, you’ll need to contact them instead. It’s best to write or email when you ask for your deposit back – if you do, you’ll have a record of when you asked for it. You’ll have a better chance of getting all or most of your deposit back if you leave the property in the same condition as when you moved in.