Deposit Repayments Clause Samples

Deposit Repayments. The TDS; Mydeposits, Landlord or Agent will not release any part of the Deposit unless it has:  All Parties’ agreement to do so; or  A Decision from an Adjudicator; or  A Court Order regarding the Dispute.

Deposit Repayments a. The DPS will only allow a repayment to be started once the Deposit has been protected for a minimum period of 28 calendar days. If you wish to start the Joint Deposit Repayment process before this period of time, please contact us by completing an online Enquiry Form, available through our Virtual Agent or the Frequently Asked Questions at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. b. The DPS will not release any part of the Deposit unless: i. it has all Parties’ agreement to do so; or ii. there is a Single Claim which is not disputed; or iii. there is a Decision from an Adjudicator; or iv. it is passed a Court Order which refers specifically to the Deposit and/or the scheme administrator and the amount of the Deposit to be paid out. v. such release is permitted under its Adjudication rules as a result of a failure by either party to comply with the ADR procedure. c. The DPS urge all Landlords to meet with Tenants in an attempt to agree the fair distribution of the Deposit at the end of the Tenancy.

Deposit Repayments a. The DPS will only allow a repayment to be started once the Deposit has been protected for a minimum period of 28 calendar days. If you wish to start the Joint Deposit Repayment process before this period of time, please contact us by completing an online Enquiry Form, available through our Virtual Agent or the Frequently Asked Questions at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. b. All repayments must be initiated by the completion and submission of an online Deposit Repayment Form, the completion and submission of a paper Joint Custodial Deposit Repayment Form obtainable from the Contact Centre, or by completing an online Enquiry form, which is available through our Virtual Agent or the Frequently Asked Questions at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. c. Repayments can either be i. wholly agreed - (all Parties agree on who should receive the Deposit at end of the Tenancy and no disputed amount exists); ii. partially agreed - (the Parties agree on the repayment of part only of the Deposit and a Dispute exists as regards the balance); or iii. disputed – (there is a Dispute as to how the entire Deposit should be repaid). d. The Landlord will be required to: i. confirm the amount due to the Landlord; ii. enter the amount of any specific claim that is being made against the Deposit, together with details of why each claim is being made ; iii. provide details of the repayment method, bank sort code, account number and reference if applicable; and iv. provide a valid Landlord’s Repayment ID. e. The Tenant will be required to: i. agree or disagree to each specific claim made by the Landlord, in the event that the Landlord has requested to retain part/all of the Deposit; ii. confirm the amount due to each Tenant and any Third Party; iii. provide details of the repayment method, bank sort code, account number and reference if applicable for each Tenant and any Third Party; iv. provide forwarding address / valid email address (optional) for each Tenant and any Third Party and; v. provide a valid Tenant’s Repayment ID. f. The DPS will not release any part of the Deposit unless: i. it has all Parties’ agreement to do so; or ii. there is a Single Claim which is not disputed; or iii. there is a Decision from an Adjudicator; or iv. it is passed a Court Order which refers specifically to the Deposit and/or the scheme administrator and the amount of the Deposit to be paid out. v. such release is permitted under its Adjudication rules as a result of a failure by either party to comply with th...

Deposit Repayments a. The Landlord is responsible for returning the Deposit to the Lead Tenant at the end of the Tenancy. b. The DPS urge all Landlords to meet with Tenants in an attempt to agree the fair distribution of the Deposit at the end of the Tenancy.