Published in Medicine and Law Weekly, April 24th, 2009
fraudulent misappropriation of deposits held on some letting agencies' client account, the Managing Director of the UK's largest dedicated letting agency has hit out at the Government's failure to go further in legislation covering the security of tenants deposits.
Ian Wilson, MD of Martin & Co, which has over 160 letting offices nationally, said that many landlords and, shockingly, letting agencies still hold deposit monies themselves without complying with the Tenancy Deposit Protection regulations.
The regulations, introduced two years ago, provides for...
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