The Housing Amendment Act (NI) 2011 introduced a legal requirement for any deposits taken as part of a residential tenancy to be registered with a tenancy deposit protection scheme. This requirement will apply to any deposits taken on or after 1 April 2013. Find out more about the requirements and appointed scheme administrators.
The custodial scheme is free for both landlords and tenants to use. There are strict time limits within which you must give the scheme administrator the deposit and a list of prescribed information. You must also provide the tenant with a list of required information within a set time limit. Failing to protect the deposit or provide the current information can lead to a fixed penalty or prosecution. Find out more about the requirements of the Custodial Scheme.
If, at the end of the tenancy, you and your tenants are unable to agree on how to refund the deposit you will be referred by the scheme administrator to a Dispute Resolution Service. The adjudicator will look at the evidence and decide how the money should be returned. Find out more about adjudication and how to avoid disputes.
You'll usually have to pay out quite a bit of money when you first move in. Most landlords will expect a month's rent as a security deposit and insist on rent being paid in advance. If you're on a low income, you may be entitled to housing benefit to help you meet the cost of your rent, but this is always paid in arrears. Make sure you get receipts for any money you pay out and keep these safe.
Any deposit paid on or after 1 April 2013 must be protected in one of the 3 authorised Tenancy Deposit Schemes approved by the Department for Communities. Your landlord or agent must provide you with information on the deposit scheme he or she is using and a list of other prescribed information within 28 days of you handing the money over.
Ако платите гаранционен депозит за частно наемане на или след 1 април 2013 г., посредникът или наемодателят носят законната отговорност да гарантират депозита в одобрена схема. Не е необходимо взетите депозити преди тази дата да бъдат гарантирани по някоя от посочените схеми.