3.10.9 Lead Tenant
The Deposit Protection Service (DPS) and the Mydeposits scheme both use a ‘Lead Tenant’ or ‘Nominated Tenant’ system. This applies in any situation where more than one person has an interest in the deposit. This could be where there are joint tenants, parents of students or local authorities providing the deposit. In setting up the Lead Tenant all parties with an interest in the deposit need to agree who that will be. This may cause problems with students signing a joint tenancy trying to get six parents who have not met to agree if they choose a Lead Tenant who leaves the property before the end of the tenancy.
If a local authority had provided the deposit, the Lead Tenant may not be a tenant at all but the local authority which paid a deposit on behalf of the tenant.