An Edinburgh landlord has received the maximum fine for not protecting their tenant's deposit money, a recent Edinburgh Sheriff Court has ruled.
The court made the ruling after it heard that the landlord had failed to protect his tenant’s deposit of £1,150. The decision means that the landlord must pay 3 times the deposit value as compensation, a total penalty of of £3450.
The news should be a a stark reminder of the potential sanctions landlords can face for non-protection of deposits. Remember, if you let property in Scotland you must lodge the deposit within 30 days of the start of the tenancy and pass the prescribed information to your tenants in order to fully comply and avoid a penalty.
There will be more news on this shortly but in the meantime mydeposits Scotland members should visit the Resource Centre to ensure you're familiar with your deposit protections responsibilities and know what you must do in order to comply with the law.