Housing: NI renters face lower deposits under new law

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Housing: NI renters face lower deposits under new law
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Tenants in Northern Ireland can no longer be asked to pay a deposit of more than one month's rent under new legislation

BBC News NI

For tenancies beginning after this date, landlords can only recover a deposit equivalent of up to one month.For rents paid in periods other than whole months, the deposit should amount to one day's let multiplied by 30.What is included in the legislation?Landlords are now required to give tenants free information within 28 days of a tenancy beginning.A free notice of variation must also be given to tenants if anything about their tenancy changes within 28 days.

There have also been changes to how long a landlord can take to protect deposits within an accredited scheme. Similarly, landlords or letting agents can now take up to 35 days to give written information about the tenancy.

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