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Deposit Management

Marcus Stimler 3 years ago 0

It is confusing to know how to carry over a deposit to a new tenancy. If the deposit is "retained" for the purpose of carrying over to a new tenancy, then there is an implication that there is a deduction made from the tenancy deposit and it contradicts what must be entered on the government protection scheme that the deposit is "returned." At the same time, if the deposit is "returned" on LV there is an implication that it is deducted from the portfolio. Please could you simplify or create a "smart" solution for managing or at least making deposit management clearer, especially where it is carried over to a new tenancy.