Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Government proposes custodial-only deposit protection
Landlord Today reports that the government wants all tenancy deposits to be protected by custodial arrangements. The article states that this change would disrupt millions of tenancies.
This development is relevant for UK letting agents and inventory clerks, as it could affect how deposits are managed and protected in the future.
Source: Landlord Today