Re: Refusal of a SAR
Yes, but an agent or LL is not a stakholder for the deposit, ( only company separate to them, and contracted within the tenancy agreement )
The deposit had to go into a client account ( an accounting type client account ), and thus, always remains the clients funds, so does any interest. This was the case up to 2003, i dont know if any further case law procedded this,and was only for deposits taken prior the DPS. As an agent, you did have the right to deduct banking fees from the interest, but that was it, unless there was a claim on the deposit by the agent and LL,
I think the case law that allowed stakholders , was in favour of firms that check and provide tenants to LLs with some form of insurance of rent payments, and held the deposit in high interest accounts to lower costs.
OP, sorry just realised your on about ground rent for the property you own.... ( not extra on top of a tenancy ).
as long as it says it in the original leasehold, you will have to pay it. Although annoying that they never chased you for it untill now, it would be your responsibility to make sure its paid, I certainly would not pay no extra or fees though.
Yes, but an agent or LL is not a stakholder for the deposit, ( only company separate to them, and contracted within the tenancy agreement )
The deposit had to go into a client account ( an accounting type client account ), and thus, always remains the clients funds, so does any interest. This was the case up to 2003, i dont know if any further case law procedded this,and was only for deposits taken prior the DPS. As an agent, you did have the right to deduct banking fees from the interest, but that was it, unless there was a claim on the deposit by the agent and LL,
I think the case law that allowed stakholders , was in favour of firms that check and provide tenants to LLs with some form of insurance of rent payments, and held the deposit in high interest accounts to lower costs.
OP, sorry just realised your on about ground rent for the property you own.... ( not extra on top of a tenancy ).
as long as it says it in the original leasehold, you will have to pay it. Although annoying that they never chased you for it untill now, it would be your responsibility to make sure its paid, I certainly would not pay no extra or fees though.
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