LPS Scotland launches compliance calculator to help landlords

Today we have launched our new online Timescales for Compliance calculator, which will help landlords and letting agents calculate the deadlines to secure tenant deposits. The date you need to have a deposit secured by, depends on the date the deposit is received. By entering this date into the online calculator, along with the deposit renewal date (if applicable), you will be able to calculate the date you need to protect it by, to comply with the Scottish Government deadlines.

We want to make it simple for landlords to navigate this new legislation, which is why we’ve launched this unique online tool to make the process of protecting deposits easier. You will be able to work out individual compliance dates in a matter of seconds.

We would urge landlords not to fall foul of the heavy penalties by failing to comply. Hopefully this calculator, along with other resources on our website will be helpful for landlords, letting agents and tenants to meet the deadlines set out by Scottish Government.

You can find our calculator on our homepage at www.lettingprotectionscotland.com