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Tenancy Deposit Protection
The average tenancy deposit currently paid by students in London is over
£500. Do you know how to protect this money? This quiz will help
you learn how. It is made up of 6 short questions and shouldn't take more
than a couple of minutes to complete. To play the quiz, you should
read the question and then click your mouse in the box that you think
is the correct answer. Below is Question One.
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1. What do the initials T.D.P stand for ?
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| a) Tenant and Deposit Prevention |
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| b) The Dancing Pilgrim |
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| c) Tenancy Deposit Protection |
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2. Which deposits are NOT protected?
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| a) Deposits lower than £500 |
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| b) Deposits for short term tenancies |
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| c) Deposits more than £500 |
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| d) All these deposits are protected |
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3. Why has Alternative Dispute Resolution been set up?
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| a) This service has been set up to resolve
disagreements between tenants and landlords regarding deposits. |
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| b) If there is a dispute between the tenant
and the landlord, this service permits the landlord to evict the tenant
more easily |
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| c) Alternative Dispute Resolution service
replaces the Courts service for every judiciary procedure concerning
housing. |
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4. How much will the Tenancy Deposit Protection cost for tenants?
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| a) £50 one-off fee at the beginning
of the tenancy. |
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| b) It is free |
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| c) £10 per month |
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5. What must the tenant do to ensure that their deposit is protected?
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| a)Don't do anything. You will be informed
by your landlord which scheme is protecting your deposit |
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| b) Send a notice-letter to one of the 3
companies running deposit protection schemes |
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| c) Pay a fee to one of the 3 companies
running deposit protection schemes. |
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6. How is the deposit "protected" in practice?
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| a) The landlord must give back the deposit
to the tenant within 3 days at the end of the tenancy. |
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| b)The landlord must put the deposit in
a red envelope provided by the companies and then store it in an iron
chest locked with a padlock. Otherwise he runs the risk of being fined. |
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c) The deposit is either handed over and placed into the custodial
scheme or retained by the landlord and protected by the insurance
based schemes. However in all cases, the deposit will be returned
at the end of the tenancy, within 10 days, as long as there is no
dispute. The government approved companies act as arbiters should
a dispute arise, and will in theory replace the need for landlords
and tenants to go to court
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TO FIND OUT MORE ON TENANCY DEPOSIT PROTECTION , PLEASE
VISIT THIS WEBSITE
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