The Tenancy Deposit Scheme (TDS) is a government approved tenancy deposit protection scheme in England and Wales operated by The Dispute Service Ltd. If we manage the property on behalf of the Landlord then your deposit will be registered with this Scheme
| The Tenancy Deposit Scheme |
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| Established in 2003, TDS is the longest serving government-approved deposit protection scheme. They are also the only not-for-profit scheme. The Housing Act 2004 requires landlords and letting agents to protect deposits on assured shorthold tenancies in a scheme. TDS provide both insurance-backed and custodial tenancy deposit protection with free, impartial dispute resolution for when disagreements arise over how the money is divided. The tenancy deposit protection rules only apply to Assured Shorthold Tenancies (this is the most common type of tenancy). For AST’s the landlord or agent is required to: Protect the deposit within an approved scheme within 30 days of receiving it. Send you a confirmation as to which scheme is being used and all the relevant information about it. This is called the “Prescribed Information”. Membership Number G03901 |
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For more information.
https://www.tenancydepositscheme.com
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