Deposit Protection Service (DPS) Discounted Rates for Insured Deposit Scheme

Deposit Protection Service Tenancy Deposit SchemeDeposit Protection Service - tenancy deposit scheme

Landlord members of the Guild of Residential Landlords and accredited landlords with Private Rented Sector Accreditation Scheme are able to obtain a discounted rate for the Deposit Protection Service insured tenancy deposit scheme.

The DPS also still provide the free of charge custodial option (where the scheme holds the deposit). For landlords with a small number of deposits, the free version is still as good an option as any.

At the time of writing (April 2013), Guild members and accredited landlords can obtain one of the cheapest insured tenancy deposit scheme rates* in England or Wales! *Where deposit is less than or equal to £500.

The rates that Guild or PRSAS accredited landlords pay are £15.00 £12.00 for deposits under £500 or £22.50 £20.20 for deposits £500 or greater and there are no joining or annual renewal fees. Use the discount code below.

Deposit Value / Tenancy type (Landlords only) Guild or PRSAS Members using DPS (with discount code) Deposit Protection Service (DPS)
Under £500 £12.00 £15.00
£500 or over £20.20 £22.50
Joining / Membership fees  Nil  Nil
Fee when tenancy turns statutory periodic  Nil  Nil
Annual renewal fee Nil Nil

 

Discount code

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The tenancy agreement which should be used for the DPS is here. (Which is suitable for both custodial and insured options for the DPS)

 

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