Localism Act 2011
- A five part act.
- One part relates to property:
- Deposits
- how they are protected
- the time to protect - 30 days
- when they should be repaid
- how they are held - custodial or insurance.
- when they must be registered - ASTs only
- the prescribed information required to be given to interested parties - tenants and guarantors etc.
- penalties of 1 to 3 times the value of the deposit for failure to comply
- EPCs:
- These must be procured prior to marketing.
- made available to prospective tenants prior to viewings.
- From 2018 must not be rated below 'E'
- Deposits
Published: 13 October 2015
Last Updated: 17 November 2021