Localism Act 2011

  • A five part act.
  • One part relates to property:
    • Deposits 
      • how they are protected
      • the time to protect – 30 days
      • when they should be repaid
      • how they are held – custodial or insurance.
      • when they must be registered – ASTs only
      • the prescribed information required to be given to interested parties – tenants and guarantors etc.
      • penalties of 1 to 3 times the value of the deposit for failure to comply
    • EPCs:
      • These must be procured prior to marketing.
      • made available to prospective tenants prior to viewings.
      • From 2018 must not be rated below ‘E’

What are your thoughts?

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