Return of a deposit

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karen575

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Post by karen575 » Sun Aug 26, 2018 5:25 pm
Hi I am due to move and due a deposit back. Is this classed as a windfall.? Do I need to advise my ip ? Will I loose this money?

Foggy

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Post by Foggy » Sun Aug 26, 2018 5:54 pm
karen575 wrote:
Hi I am due to move and due a deposit back. Is this classed as a windfall.? Do I need to advise my ip ? Will I loose this money?
I imagine it will come in on one hand and go out with the other as a new deposit on a new rental, so I wouldn't mention it. If it is under £500 it would not trigger the windfall clause in any case.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

karen575

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Post by karen575 » Sun Aug 26, 2018 6:20 pm
Thank you for your reply. I am moving in with my boyfriend so he will be my landlord so would it be right to pay him directly my deposit if I get any back. It would come directly from a tenants scheme what holds my deposit. I have advised my iva company that i will be moving shortly.

Foggy

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Post by Foggy » Sun Aug 26, 2018 6:45 pm
karen575 wrote:
Thank you for your reply. I am moving in with my boyfriend so he will be my landlord so would it be right to pay him directly my deposit if I get any back. It would come directly from a tenants scheme what holds my deposit. I have advised my iva company that i will be moving shortly.
Boyfriend as landlord is maybe pushing the definitions, unless you have a tenancy agreement and he holds the deposit in a scheme account as required by the regulations .... But, as I say, if it is under £500 it wouldn't trigger the windfall clause anyway
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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