The case of Re London Bridge Entertainment Partners LLP answers this question
The tenant had gone into administration and the landlord had forfeited the lease…
Rent deposits provide a vital form of security for landlords and may become even more popular when the government abolishes distress for rent and replaces it with a new and…
Sections 213-214 of the Housing Act 2004 require landlords to protect deposits received from assured shorthold tenants using an approved tenancy deposit scheme.However, the obligations imposed by the legislation are…
Rent deposit protection
Landlord taking rent deposit – Deed entitling landlord to recoup unpaid rent out of deposit – Deed creating charge over deposit account – Tenant entitled to balance of deposit at…
An example of an otherwise ideal prospective tenant who cannot offer a strong covenant would be a reputable foreign-based company with few, if any, assets in the UK.