Guide for landlords
Deposit protection in Wales: the 30-day rule
Two things must happen within 30 days of taking a deposit - and getting either wrong costs more than the deposit itself.
What the law requires
In Wales a deposit must be protected in an approved deposit scheme within 30 days of receiving it, and the prescribed information given to the contract holder within the same 30 days.
What happens if it is not done
If either step is missed, a court must order you to pay the contract holder between one and three times the deposit.
You also cannot serve a no-fault notice until the deposit has been returned or the claim dealt with - so a mistake at the start of a contract can stop you ending it later.
Not sure yours was done properly?
Our free compliance check asks about the deposit, along with the other things landlords most often get wrong. For the law itself, see Schedule 5 to the Renting Homes (Wales) Act 2016.
Not sure where your property stands? Both of these are free, and neither commits you to anything.