KANE WW PROPERTY SOLUTIONS LIMITED
Deposit Protection
Authorised schemes
For tenancies* in England and Wales that started after 6 April 2007, Landlords are legally required to place your tenancy deposit into one of the authorised schemes:-
1. MyDeposits
2. Tenancy Deposit Scheme
3. Deposit Protection Service
If you deposit is not duly protected within 30 days of your Landlord receiving it, you are entitled to claim statutory compensation (1 to 3 times of your deposit). Please visit here for further information of how we can protect your tenant's rights.
*This requirement applies to Assured Shorthold Tenancies.
Custodial vs Insured
Two types
There are two types of schemes, depending on the authorised scheme provider, timelines and procedures may vary.
- Custodial: This is where the Scheme holds the deposit for the duration of
the tenancy.
- Insured: This is where the Landlord/Managing Agent can hold the deposit
during the terms of the tenancy. In cases of disputes, the landlord will be
required to pay the Scheme the disputed amount before the decision is
made.
Deposit Cap
How to calculate your maximum deposit
From 1 June 2009, the following maximum limits are imposed:-
1. Security Deposit:
- if your annual rent is less than £50,000: 5 week's rent.
- if your annual rent is £50,000 or more: 6 week's rent.
2. Holding Deposit: 1 week's rent
3. Default fees: limited to reasonable costs
- if you have rent arrears (14 days of more): interest is capped at 3% above
BoE base rate
About Us
KANE WW Property Solutions Limited is a limited liability company registered in England and Wales No. 15501299, our registered office is 124 City Road, London, EC1V 2NX. We are registered with the Information Commissioner’s Office under the Reference Number ZB664102.
Founded in 2024, KANE WW Property Solutions Limited is focused on protecting tenant's rights, and to ensure that you are entitled to all legal protections. We have previous experience of dealing with landlords and the procedures involved in relation to tenancy deposit disputes. Our backgrounds are in law, real estate and digital communications. We are able to provide multi-lingual services to satisfy your specific needs via our service provided.
We discourage any acts by landlords (black sheep) who exploits their tenants because of their unfamiliarity with the English law. We aim to hold immoral and illegal practices accountable in England and Wales.
Our vision is to create a rental market where all landlords comply with their statutory obligations and tenancy deposit disputes are non-existent. We believe we are able to achieve this by providing effective solutions to tenants who are facing tenancy deposit problems. We adhere to all claims and by not setting unreasonably high minimum fees.
For further information of how we can assist in your disputes, please visit here.