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Procura

Clients' money - tenancy deposits held?

Does the firm hold tenancy deposits in relation to assured short hold tenancy lettings within England and Wales?

The 2004 Housing Act requires those who have taken tenants deposits in relation to Assured Shorthold Tenancies (ASTs) since 6 April 2007 to join a scheme that protects the deposits held as well as offer a resolution service should a dispute arise concerning allocation of the deposit at the end of the tenancy.

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