Tenant Deposit Schemes – (My Deposit/Tenancy Deposit Scheme)
We are all aware by now that it is legislation that we have to register our tenants deposit in a registered and approved government deposit protection scheme. There are two insurance based schemes affiliated with Rentsafe uk.co.uk available as set out below.
is a government-authorised tenancy deposit protection scheme. It is designed to enable landlords and letting agents in England and Wales to take and hold a deposit for the duration of the tenancy while protecting them in our insurance based scheme
mydeposits has successfully protected more than a million deposits. Over 100,000 landlords use us, and we are the preferred choice for many large and small letting agents. Find out more, are you a landlord, letting agent or tenant?
The Tenancy Deposit Scheme (TDS)
is a government approved tenancy deposit protection scheme in England and Wales operated by The Dispute Service Ltd.
The Housing Act 2004 requires landlords and letting agents to protect deposits on assured shorthold tenancies in a scheme such as ours. We provide insurance backed tenancy deposit protection with free, impartial dispute resolution for when disagreements arise over how the money is divided.
The Deposit Protection Service (The DPS)
The DPS is a Government authorised deposit protection scheme and is your one-stop shop for tenancy deposit protection, offering a choice of custodial or insurance-based protection. Whether you’re a landlord letting agent or organisation, you’ll have peace of mind that your tenant’s deposit will be protected by one of the largest suppliers of deposit protection in the UK.