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ARTICLE · 02 DECEMBER 2015

Tenancy Deposits In Jersey

Carey Olsen
Carey Olsen
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Carey Olsen

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With effect from 2 November 2015 residential leases in Jersey are subject to the residential tenancy deposit scheme.

JerseyReal Estate and Construction
Christopher Philpott
Christopher Philpott
Will Whitehead
Will Whitehead
Sharon Mallet
Sharon Mallet
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With effect from 2 November 2015 residential leases in Jersey are subject to the residential tenancy deposit scheme (the "Scheme"). The Residential Tenancy (Deposit Scheme) (Jersey) Regulations 2014 have come into force under the Residential Tenancy (Jersey) Law 2011 (the "Law") and introduces the Scheme, a government authorised tenancy deposit protection scheme designed to safeguard tenants' deposits and regulate their return at the end of a tenancy. The Scheme will in the first instance be administered by MyDeposits Jersey.

WHEN DOES THE SCHEME APPLY?

  • The Scheme applies to all new, renewed or varied residential tenancy agreements.
  • It requires landlords/letting/managing agents to lodge a tenant's deposit with MyDeposits (as administrator of the Scheme) within 30 days of receipt. Failure to do so is an offence and can incur a fine of up to £2,000.

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