Alternatives to a Deposit

This entry is part 1 of 9 in the series Protect / Unprotect a DepositThere are a few alternatives that you could consider instead of  taking a deposit. ... Please login or signup to continue reading this...

Choose which Scheme

This entry is part 2 of 9 in the series Protect / Unprotect a DepositThe Deposit Protection Service (DPS) http://www.depositprotection.com The DPS is the only scheme to offer both a custodial and insured tenancy deposit scheme. Both landlords and letting agents may...

When to Protect

This entry is part 2 of 9 in the series Protect / Unprotect a DepositA deposit must “as from the time it is received” be dealt with in accordance with an approved scheme [s.213(1) Housing Act 2004]. Note, in that sub-section, there is no 30 day time limit which is...

Secure the Deposit

This entry is part 3 of 9 in the series Protect / Unprotect a DepositEssentially, all the schemes work the same way. You will need to as a minimum * Register yourself with your chosen scheme * Log in to the system and add the property. * Add the tenant and deposit...

Protect a Deposit with DPS

This entry is part 4 of 9 in the series Protect / Unprotect a DepositBelow is a quick summary of how to protect a deposit using the Deposit Protection Service (DPS) which is the free to use “custodial scheme”. Note: If the deposit has not been protected...

Prescribed Information

This entry is part 5 of 9 in the series Protect / Unprotect a DepositIf you are using our tenancy agreement for the scheme of your choice, you can ignore this page because the prescribed information is built into all our assured shorthold tenancy agreements (you must...

Lead Tenant Agreement

This entry is part 6 of 9 in the series Protect / Unprotect a DepositThe Deposit Protection Service and MyDeposits tenancy deposit schemes require some form of “lead tenant” agreement. What is a “lead tenant” you may ask? Basically, the schemes...

Relevant Person

This entry is part 7 of 9 in the series Protect / Unprotect a DepositWhat is a relevant person? “relevant person” means any person who, in accordance with arrangements
made with the tenant, paid the deposit on behalf of the tenant. [s213(10) HA 2004]. The...

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