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Residential tenancy deposits – are you protected?

Landlords and Tenants should take heed of the importance of complying with the legal requirements centring around the protection of tenancy deposits.

As most Landlords will be aware, any deposit paid in connection with an Assured Short-hold Tenancy since 6th April 2007 must be registered with an authorised Tenancy Deposit Scheme. The Tenant must be provided with prescribed information within 30 days of receipt of the deposit. Landlords are required to register the deposit within 30 days of receipt.

Settlement agreements help to resolve disputes without the stress and cost of litigation

On 29 July 2013, Section 23 of the Enterprise and Regulatory Reform Act 2013 renamed compromise agreements and compromise contracts as settlement agreements in all relevant pieces of UK legislation.
A settlement agreement, in employment law, is a legally binding document between an employee (former or present) and an employer (former or present). They are used to approve terms of termination of employment where an employee receives a financial payment in return for the waiver of all genuine and potential statutory claims against the employer.

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