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Everyones deposit is being paid back to one person

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    Hi

    A group of us paid a deposit for a house a few weeks back. But we were told that the deposits would get paid back to us at the end of the tenancy but it would all go into one persons account. Is that normal? And why would they do that?

    Not that I don't trust the person in charge of having my deposit at the end, but in the event that she doesn't give me my deposit when it goes into her account, I take it there would be nothing that I can do?
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    I'm guessing this is a joint tenancy?

    Talk to your landlord about it if it concerns you
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    Yeah, it's a joint tenancy.
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    That's normal.
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    (Original post by ritchie888)
    That's normal.
    Is it?
    And in the event that the girl doesn't pay me my deposit back, is there anything I can do?
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    (Original post by forever_and_always)
    Is it?
    And in the event that the girl doesn't pay me my deposit back, is there anything I can do?
    Well, unfortunately that's your problem. If you're moving in with strangers then you should be signing individual contracts. In the situation of joint contracts you should know or at least trust the people you're living with.
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    (Original post by forever_and_always)
    Hi

    A group of us paid a deposit for a house a few weeks back. But we were told that the deposits would get paid back to us at the end of the tenancy but it would all go into one persons account. Is that normal? And why would they do that?

    Not that I don't trust the person in charge of having my deposit at the end, but in the event that she doesn't give me my deposit when it goes into her account, I take it there would be nothing that I can do?
    You can take her to court, she can't pretend she doesn't owe you it as there is complete proof she does from the tenancy records showing you all lived there, bank records of you paying and the landlord who can say so. It would be an open and shut claim.

    Just make sure the deposit is actually protected by the landlord.
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    As far as I know that's pretty normal. Its the case for me and all of my friends who are students.

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Updated: March 26, 2012
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