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Tenancy Deposit ProtectionIs your landlord's word worth the paper it's written on? From 6 April 2007, all deposits (for rent up to £25,000 per annum) taken by landlords and letting agents for Assured Shorthold Tenancies in England and Wales, must be protected by a tenancy deposit protection scheme. There are two types of tenancy deposit protection scheme available for landlords and letting agents (insurance-based schemes and custodial schemes). All schemes provide a free dispute resolution service. The schemes allow tenants to get all or part of their deposit back when they are entitled to it and encourage tenants and landlords to make a clear agreement from the start on the condition of the property. The schemes:
There are two types of tenancy deposit protection scheme available for landlords and letting agents. All schemes provide a free dispute resolution service. Landlords and tenants please click on this link for the latest information about your responsibilities under tenancy deposit protection http://www.direct.gov.uk/en/TenancyDeposit/index.htm |
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