Landlords and agents will need to be aware of a third party, usually a parent but here an employer, paying a tenancy deposit on behalf of a tenant.
A third party could be deemed a "relevant person" (and certainly would be if they were paying the deposit directly to the landlord or agent) and would need to be served with the prescribed information as well as the tenant themselves.
If a "relevant person" is not provided with the prescribed information within 30 days of receipt of the deposit, a penalty of up to 3 times the deposit value may be claimed.
Starbucks also announced it will offer loans for tenancy deposits alongside the wage rise to help its employees "tackle the cost of living". The company will lend workers a maximum of one month's wages to be repaid interest-free over 12 months to help pay the rental deposit when moving home, with each application considered on a case-by-case basis.