We are setting up a joint tenancy with two guarantors (mother and grandmother of each tenant).
One of the guarantors (grandmother) will be paying the deposit which is 1.5 months rent.
Deposit to be protected in DPS custodial scheme. Grandmother will need to be listed as a third party on prescribed information.
Who is the deposit repaid to at the end of the tenancy? What information does the DPS need about the grandmother? And is there anything else we should be aware of?