Rent Deposit Killer - 2014

Re: Rent Deposit Killer - 2014

Postby holy vehm » Sat Jan 04, 2014 9:08 pm

6 years our land lord has held our deposit with no mention of 6 years interest should i demand it back at this point.
900 quids and 6 years interest makes a nice sum.
Which interest rate should be applied?
"A ruler who violates the law is illegitimate. He has no right to be obeyed. His commands are mere force and coercion. Rulers who act lawlessly, whose laws are unlawful, are mere criminals".
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Re: Rent Deposit Killer - 2014

Postby musashi » Sat Jan 04, 2014 9:27 pm

Magistrates_Guidelines_including_update_1__2__3_4_web.pdf
holy vehm wrote:6 years our land lord has held our deposit with no mention of 6 years interest should i demand it back at this point.
900 quids and 6 years interest makes a nice sum.
Which interest rate should be applied?


If I remember correctly, the calculation of interest rates is set out in the magistrates sentencing guidelines I put up here a wee while ago.
Off the top of my dead head it will have to be calculated at different rates according to the rate in place at the time. His headache, not yours as he is in the wrong and must make good. Compound interest?

The guidelines are in the attachment here - just in case.

Musashi.
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Re: Rent Deposit Killer - 2014

Postby musashi » Sat Jan 04, 2014 10:06 pm

Just remembered I included that info in the post on Cashing in Your Lien.
Refer to the County Court Act, 1984, for how rates are calculated.

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Re: Rent Deposit Killer - 2014

Postby holy vehm » Sun Jan 05, 2014 9:38 am

Thanks Bro
"A ruler who violates the law is illegitimate. He has no right to be obeyed. His commands are mere force and coercion. Rulers who act lawlessly, whose laws are unlawful, are mere criminals".
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Re: Rent Deposit Killer - 2014

Postby musashi » Wed Jan 08, 2014 8:47 pm

I''ve hunted and hunted and . . . . . . came up with this.
housing_law_sample_chapter.pdf and go to section 4.142

Deposits
4.142
In the private sector most landlords insist that the tenant pays a
returnable deposit as well as rent in advance at the start of the tenan
cy. Because of the difficulty faced by many tenants in recovering the
deposit at the end of the tenancy, the Housing Act 2004 introduced a
compulsory scheme under which private landlords granting assured
shorthold tenancies must deal with deposits in a certain way. The
provisions are set out in HA 2004 ss2
2–2
5 and apply to any deposit
received on or after 6 April 2007

It seems that my pet hate might yet grow to full blown psychotic hatred.
My apologies if I have led anyone astray or raised hopes - alas for my imperfections -though it may be no more than an acknowledgement that illegal practices are hard to stop legally it seems the deposit killer has been killed in action.
Perhaps, though, interest will be paid.
Must do better.

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