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This guide has been reviewed against our global client base and classed as relevant to UK only |
The process to follow to transfer a deposit to a third party such as a landlord or a deposit protection scheme (DPS)
1. Select third party From the tenancy, Financial & Renewals screen: |
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To continue to the next step, the deposit invoice needs to be raised and paid |
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2. Enter deposit details From the tenancy: |
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) will be highlighted  Image AddedIf going to a DPS, click To DPS
OR If going to the landlord, click To Landlord and insert the amount to transfer
If transferring to a DPS, by default the system will add the DPS selected against the landlord record, although the scheme can be added in the Manage Deposits screen ad hoc  Image Added
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Once the deposit has been transferred, the scheme cannot be changed The deposit will need to be manually paid to the correct scheme from the bank and the payment in BACs and Cheques Run marked as manual A note should be added against the tenancy to detail this |
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3. Make payment to third party via BACs and Cheques Run The payment of the deposit will now be sitting in the BACs and Cheques Run ready to be paid out |
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The process to follow to transfer a deposit to a third party such as a landlord or a deposit protection scheme (DPS) |
