I have let to three joint tenants and they will expect to receive a third of the deposit each at the end of the tenancy.

November 3, 2014

I have let to three joint tenants and they will expect to receive a third of the deposit each at the end of the tenancy.

If you have let to them on a “joint and several” basis, as is usual, they cannot insist on this unless you agreed to do so in advance. If you use the custodial scheme, they will have to nominate a ‘lead tenant’ to act for them, and to whom the scheme will make one payment in respect of the deposit. It is then up to the tenants to divide up the payment as they wish.

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