Below is a quick summary of how to protect a deposit using the most popular scheme, the Deposit Protection Service (DPS).
If you receive a deposit before you grant a tenancy, the deposit needs to be a “reservation fee” so the 14 days do not start until the tenancy has been granted. A suitable form is available here (F010) to give to the prospective tenants creating a reservation fee.
Download and complete our tenancy agreement and section 213 notice (F002).
When completing the notice, ensure that all fields possible are filled in.
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