Lettings company Director faces 6 year ban following failure to protect over £68,000 worth of deposits
c.jermyn • January 17, 2020
Kelly Louise Forrester, Director of Clear Property (Clear Lettings Limited) in Exeter, failed to protect the deposits of over 54 properties from June 2016 to April 2019.
Having collected the deposits, Kelly Forrester spent the considerable funds on the running of the business instead of protecting them in a government-backed custodial scheme.
The misconduct was discovered by the Insolvency Service's investigations into Kelly Forrester's activities as Director following Clear Lettings entering into liquidation proceedings in April 2019.
Whilst the consequences for Kelly Forrester are clear, where does this leave her landlords? well, not only do her actions leave her landlords with no security for their property, she also leaves them open to a claim by the tenants for compensation under Housing Act 2004, and problems in obtaining possession of their property.
If, as a landlord, you have concerns about the protection of your deposit then we have an experienced team of specialists who would be happy to advise you.
Source: https://www.gov.uk/government/news/failure-to-safeguard-deposits-lands-lettings-boss-with-ban
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