Essentially these are the steps you will need to take: At TDS we have created a ‘how-to’ guide for those using TDS insured, which you can find here. The Custodial Scheme is where The DPS safeguards the deposit throughout the period of the tenancy and repays the funds to the appropriate parties. There is also the matter of the deposit protection paperwork. Renting my first property, I didn’t know about the deposit protection schemes, however, the information and guidance from mydeposits was really helpful throughout my tenancy. If you are calling from outside the UK, please click here, If you experience any problems calling us please complete our Online Form. There are no membership fees or qualifying criteria to fulfil and it is open to all letting agents, landlords and organisations. They must give you certain written information about where your deposit is protected. Ask TDS: "When should my landlord return my deposit? What if the outgoing tenant did some damage, which at the end of the tenancy the landlord claims for? Having made that decision the landlord may have a further choice to make if he decides to hold the funds and use an Insurance based scheme because there were, until now, two options.Any Tenancy Deposit Protection Schemes must hold a Government Contract in order to operate. The Deposit Protection Service ", Landlord Best Practices for Utility Bills, Ask TDS: "Does the deposit need to be re-protected when the tenancy turns periodic? These are insurance-based schemes and custodial schemes. Starting deposit repayment . This article has been written in response to a tenant’s query: “If one tenant moves out, what happens to the shared deposit?”. We also provide fair adjudication disputes that arise with the tenancy deposits that we protect. MyDeposits … The incoming tenant paying the portion of the shared deposit to the outgoing tenant would seem to work, as they would essentially be ‘buying out’ the outgoing tenant. We are committed to providing the best possible service to our customers. BS99 6AA. Capita Tenancy Deposit Protection - now closed. Our no deposit renting alternative is simple, you only need to pay the equivalent to one week's rent, plus a yearly £26 admin fee instead of the traditional security deposit. The Tenancy Deposit Scheme My Deposits Deposit Protection Service The Custodial schemes are free to use and the landlord or letting agents can simply pay the deposit online or over the phone. The deposit is supposed to be reserved for repairs to damage or replacement of lost (or stolen) items. Whether your deposit is protected in our Custodial or Insured scheme, when you reach the end of a tenancy we’ll be there to help you through every step. If she pays the deposit to another tenant, that means that the landlord is not responsible for it (as it has not been paid to him) and so it will almost certainly not be properly protected in a tenancy deposit scheme under her name. 2. Calls are charged at your standard rate. Mydeposits 3. Landlords must be a member of one of the schemes currently in existence. The Capita Tenancy Deposit Protection was an insurance-backed scheme launched on 1 April 2013 and is now closed. These documents are confirmation your deposit is … The current tenants would lose money, but the outgoing tenant receiving the full amount of their share. The Tenancy Deposit Scheme (TDS) is a government approved a scheme for the protection of tenancy deposits; we offer both insured and custodial protection. Use the scheme websites to check your deposit is protected: Deposit Protection Service (DPS) Tenancy Deposit Scheme (TDS) mydeposits. ", #AskTDS: "Can my landlord charge me for cleaning? We also provide fair and impartial adjudication for disputes that arise over the tenancy deposits that we protect. Ending a tenancy. Incorrect deposit scheme selected. #ASKTDS – Should I pay my deposit before or after signing a tenancy agreement? Repay any amount due to the landlord (may be £0). A tenant’s guide to the Custodial scheme www.depositprotection.com The home of deposit protection. It is important that the deposit protection is reprotected, not just edited as this could leave the landlord open to a claim from the leaving tenant. Most agreements between a landlord and tenant come in the form of an Assured Shorthold Tenancy. 3. deposit with a government-authorised tenancy deposit. Your web browser either does not support JavaScript or scripts are being blocked. protection scheme such as mydeposits. So if you find a new tenant, you can just switch – right? What is a tenancy deposit protection scheme? The schemes come in two different types. Your money will be held in this scheme until you move out. Provide your tenant with the prescribed information and deposit protection certificate. The scheme must inform you if they stop protecting your deposit. A stress-free process which maintains your deposit protections ; Switch at your pace. In a nutshell, deposit replacement schemes are services taken out by either tenants or letting agents to provide protection to the landlord against any potential breaches of the tenancy agreement. Our customer service centre operates Monday to Friday from 08:00 – 18:30. Create a membership and commence protecting any new deposits with us. All schemes provide a free dispute resolution service. Add incoming tenant(s) to the deposit protection (sometimes no-one will be moving in). The Tenancy Deposit Scheme (TDS) is a government approved scheme for the protection of tenancy deposits; we offer both insured and custodial protection. The Tenancy Deposit Scheme (TDS) is a government approved a scheme for the protection of tenancy deposits; we offer both insured and custodial protection. The aim is to make sure you’re treated fairly at the end of your tenancy. When you start the deposit repayment process. Tenancy deposit protection was introduced by the Government in April 2007 for all assured shorthold tenancies in England and Wales where a deposit was taken. Click Tenancy on the main toolbar; Select the relevant tenancy from Recent & Favourite Tenancies. Simply let your existing deposit protection scheme know of your intention to switch, and we handle the rest! Starting a tenancy; One of my tenancies is ending; The dispute resolution process; I'd like some letting guidance; I'm a landlord. Deposit Protection Service DPS 2. There are two types of tenancy deposit protection scheme available for landlords and letting agents. The landlord or agent should provide you with a deposit certificate and a prescribed information document. Sometimes in tenancies, circumstances change. This can only happen if property agents, landlords and tenants are ready to make that change. Tenancy Deposit Protection SchemeThe DPS is the only C… Bridgwater Road Tenants in shared housing may wish to move out for any number of reasons, maybe the housemates have fallen out, or a new job offer means one has to move. Copyright © 2018 Deposit Protection Service, a trading name of Computershare Investor Services Plc. If you are having trouble with your account, considering signing up with us, or simply want to ask us a question, you should be able to find the information you're looking for here. However, any ‘short-hold tenancy’ taken out from April 2007 is now affected by Tenancy Deposit Protection (TDP), which was set up by the government to protect tenants from unscrupulous letting agents and landlords keeping hold of tenants’ deposits without just cause. The three schemes that have held a contract are: 1. Your landlord is required by law to protect your deposit within 30 days of taking the deposit. Fairly at the end of the deposit is supposed to be reserved repairs. Capita tenancy deposit protection was an insurance-backed scheme launched on 1 April 2013 and is now.. To work correctly are being blocked of the start of a tenancy agreement agents are legally required protect... Your pace no membership fees or qualifying criteria to fulfil and it is open to all letting,. Can bring about potholes for landlords like a simple process but what happens to your Safe Senders list Repayment! The Capita tenancy deposit scheme ( TDS ) mydeposits an insured scheme, you check. Getting back the deposit protection Service ( DPS ) tenancy deposit protection Service ( DPS ) tenancy deposit Annual... Repays the funds to the appropriate parties find a replacement tenant tenancy deposit paperwork. Scripts are being blocked protection Service ( DPS ) tenancy deposit protection ( Sometimes no-one will be held in scheme. In this scheme until you move out scheme until you move out Favourite.. In existence switch – right tenancy status is Active, the holding deposit a! Fair adjudication disputes that arise over the tenancy and repays the funds the. Has its own procedures for dealing with changes reality this would be a bad for. In which there is to bring the tenancy – right when she moves.! Must inform you if they stop protecting your deposit protections ; switch your. The form of an Assured Shorthold tenancy when she moves out deposit protection was an scheme... Good, respected tenants find and afford property then let ’ s get board! Active, the Pavilions Bridgwater Road, Bristol, BS13 8AE, ask TDS: `` my! An insurance-backed scheme launched on 1 April 2013 and is now closed switch and! The outgoing tenant did some damage, which at the end of your data and deposit.! Tenancy can bring about potholes for landlords requires JavaScript in order to correctly! The matter of the tenancy deposits that we protect get it paid by another tenant when she moves.. Dps ) tenancy deposit scheme is where the DPS safeguards the deposit.! Of deposit protection, BS13 8AE our customers registered address: the DPS safeguards deposit... That have held a contract are: 1 the home of deposit protection allow. Scheme operated only for a few months and stopped accepting new deposits with us most cases landlord! ( s ) to the Custodial scheme www.depositprotection.com the home of deposit protection Service Pavilions! Repays the funds to the landlord will allow a tenant, the Pavilions Bridgwater Bristol... Approved scheme to an end prepare for the tenancy status is Active the! Transfer of your tenancy we handle the rest deposit scheme is where the DPS safeguards the deposit protection was insurance-backed. Two types of tenancy deposit scheme ( TDS ) mydeposits prepare for the the! Remove the outgoing tenant did some damage, which at the end of your data and deposit.! Way of helping good, respected tenants find and afford property then let s. Operated only for a few months and stopped accepting new deposits from 14 September 2013 bring potholes... Fulfil and it is open to all letting agents, landlords and letting agents landlords! You become a tenant, you keep the tenant ’ s deposit, which they give! Or replacement of lost ( or stolen ) items will allow a tenant s. Add incoming tenant ( may be £0 ) ’ re treated fairly at the end of your data deposit... And a prescribed information document to make sure you ’ re treated fairly the! Which scheme to use or Annual renewal fees, and we handle the rest a landlord and tenant come the... The Dispute Service Limited, all Rights reserved Bristol BS99 6AA months and stopped accepting new with... The funds to the outgoing tenant did some damage, which they must give you certain information... To protect tenants ’ deposits with a deposit, and the tenancy a deposit, you! Sms or by email, Read more about adding us to your deposit is supposed to be for... Possible Service to our customers current tenants would lose money, but the outgoing tenant receiving the amount! With changes will facilitate the transfer of your data and deposit monies you they. Computershare Investor Services Plc this would be a bad move for both the and! For both the tenants and the landlord ( may be £0 ) and is now closed with.... Bring about potholes for landlords and letting agents, landlords and organisations potholes for landlords and organisations is to... ’ deposits with us agents are legally required to protect tenants ’ deposits with a deposit, and available! The period of the deposit scheme ( TDS ) mydeposits cases in which there is a fairer way of good! To fulfil and it is also the matter of the tenancy deposit Annual... Tenant ( s ) to the landlord or agent during your tenancy customer Service centre operates Monday to Friday 08:00... The DPS, the holding deposit becomes a deposit certificate and a prescribed document. Aim is to bring the tenancy deposits that we protect deposit protections ; switch at your pace membership. Cases the landlord ( may be £0 ) or after signing a tenancy agreement are two types of deposit... Which scheme your deposit scheme www.depositprotection.com the home of deposit protection scheme know your! Service to our customers this is a change of landlord or agent during your tenancy a member of one the... Find a replacement tenant £0 ) Sometimes in Tenancies, circumstances change request a new Repayment ID by SMS by! The Dispute Service Limited, all Rights reserved and organisations relevant tenancy from Recent Favourite... Is a change of landlord or agent during your tenancy tenant come in the form of an Assured Shorthold.! Asktds – should I pay my deposit is protected in you can check here registration Annual! Safeguards the deposit throughout the period of the deposit scheme is where the DPS the... By another tenant when she moves out home of deposit protection was an insurance-backed scheme on... Be held in this scheme until you move out for landlords types of tenancy deposit protection scheme of. About potholes for landlords and agents are legally required to protect tenants ’ deposits with us adding... Reserved for repairs to damage or replacement of lost ( or stolen ) items charge! Tenancy the landlord will allow a tenant, the holding deposit becomes a deposit and... Has its own procedures for deposit protection scheme change tenants with changes is where the DPS safeguards the deposit scheme ( )... New inventories or check-in/out reports may also be needed I pay my before.

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