I have some questions around the deposit held in trust, and hoping someone here can answer. Relates specifically to a leasing arrangement where there is an agent involved, and the deposit is held in a s78(2A) trust account.
Is there meant to be both an Agent Fee and a Monthly Admin Fee, both deducted from the money held in the trust account?
Can there be any other deductions from the account, without authorisation/notice?
Is there a standard rate for these accounts?