We use this information to make the website work as well as possible and improve government services. You can change your cookie settings at any time. Email: info@mydeposits.co.uk . A tenancy deposit scheme is where your deposit will be held for the length of your tenancy if you rent privately, though there are a small number of exceptions. With our custodial scheme, you pay the deposit to us and we protect the money for free. Your online account is available 24/7. The smart choice for deposit protection Join hundreds of thousands of landlords and agents using TDS’ best-in-class features and service to make their lives easier. Important Notes for Tenants Call up or send a message to the landlord using your Portico log in. This feedback form is for issues with the nidirect website only. If you’re in a dispute with your landlord, then your deposit will be protected in the TDP scheme until the issue is sorted out. If you’re a landlord who’s taken a deposit for a tenancy, you need to protect it in a government authorised scheme. Log into your account at TDS Custodial, and then select the “My Portfolio” screen. If you are an NRLA landlord you will need to login to the NRLA website, using your NRLA login, to add or manage TDS tenancy deposits. Brief reminder of what is required to comply with the Tenancy Deposit Legislation. Different time limits applied before this date. a landlord. The basic rate for registering a private rented or AHB tenancy with the RTB is €90 per tenancy. 2.2 TDS Custodial is a custodial scheme. schemes which have been authorised to protect tenancy deposits. The funds are released to the appropriate party at the end of the tenancy once any disputes have been settled. We’re here to help you through the process of protecting your deposits, so you can meet your legal obligations and get your tenancies off to the right start. When you register a tenancy deposit, you can select the property and landlord(s) from your account. Your TDS Custodial online account allows you to register tenancy properties, and also link landlords to them. The smart choice for deposit protection Join hundreds of thousands of landlords and agents using TDS’ best-in-class features and service to make their lives easier. Complaint. The tenancy deposit schemes are run by independent companies which are approved by the Scottish Government. Tenancy Deposit Scheme. the new landlord or agent should arrange for the deposit to remain protected . Check how the new Brexit rules affect you. New to TDS? They make sure you’ll get your deposit back if you: Your landlord or letting agent must put your deposit in the scheme within 30 days of getting it. Registering a deposit - Landlords. Select your preferred tenancy deposit protection scheme below. Log in and take care of your deposit whenever you need to. Theplan is that the PRTB will hold these deposits for the duration of the tenancy and will retain the interest generated on the deposit funds towards funding the costs of operating the scheme. Your landlord must put your deposit in a government-approved tenancy deposit scheme (TDP) if you rent your home on an assured shorthold tenancy that started after 6 April 2007. Your landlord must put your deposit in a government-approved tenancy deposit scheme (TDP) if you rent your home on an assured shorthold tenancy that started after 6 April 2007. The deposit must remain protected throughout the tenancy. If there's a change of landlord or agent dealing with your deposit: the old landlord or agent should inform the protection scheme they use. Both parties contact TDS to release the deposit, Letting Partnership health check required, Minimum rate you could pay after dispute discount, Average number of days taken to resolve disputes. There are three tenancy deposit scheme providers to choose from in Scotland: Letting Protection Service Scotland; Safe Deposits Scotland; my|deposits Scotland Become a TDS Custodial member! Currently there are three approved schemes: MyDeposits Scotland; Safe Deposits Scotland ; Letting Protection Service Scotland; What will happen to my deposit? As everyone involved in the private rented sector should be aware, tenancy deposits taken for assured shorthold tenancies now need to be protected with a government approved tenancy deposit scheme.. All schemes are required to provide a free arbitration service, in the event of a dispute regarding deductions from the deposit at the end of the tenancy. Please complete each step to register with TDS Custodial. This is the most common form of private tenancy. Tenancy deposit schemes. Step three. Step two. Information landlords must give to the tenants Once the landlord/agent has received the deposit, they have 30 days to provide a tenant… * average figures from MHCLG monthly statistics 31 March 2020 – 30 September 2020, Click to find out why you should make the switch. Step one. Once your new tenant has paid the deposit for the property, you have to lodge it with a tenancy deposit scheme within 30 working days of the tenancy starting. Find out more about our services today. With a custodial deposit scheme, the tenant's deposit is held in a bank account (which cannot be accessed by the landlord or the tenant) by the scheme operator. give you certain written information about the scheme . A late fee of €180 per tenancy applies if an application is received more than a month after the tenancy starts. Under the provisions of the United Kingdom Housing Act 2004 every landlord or letting agent that takes a deposit for an assured shorthold tenancy in England and Wales must protect the deposit under an authorised tenancy deposit scheme. Landlords are subject to many rules and regulations, and your property is valuable. © 2021 The Dispute Service Limited, All Rights Reserved. Select your preferred tenancy deposit protection scheme below. a rent deposit scheme by relocation / council or your parents, partners. You must place your tenants’ deposit in a tenancy deposit protection (TDP) scheme if you rent out your home on an assured shorthold tenancy that started after 6 April 2007. You only need to register these details once. Register online with TDS Northern Ireland for the quickest and easiest way to protect a deposit. My Deposits is an easy to understand government authorised and guaranteed tenant deposit protection scheme (DPS). To help you decide, check out our features overview and price comparison table below. We use cookies to collect information about how you use GOV.UK. give you written information about the scheme within 30 days. The 30 days runs from when you paid your deposit, even if you signed your tenancy in advance and it didn't start until a later date. Know your rights, understand your assured shorthold tenancy agreement and ensure your deposit is protected - now a legal requirement within the UK. You have a choice of deposit protection type: TDS Insured and TDS Custodial. Don’t include personal or financial information like your National Insurance number or credit card details. Check your tenancy deposit is protected. You can claim compensation during your tenancy or after it ends. Once you become a tenant, the holding deposit becomes a deposit, which they must protect. We process the Personal Data supplied by you in order to administer the tenancy deposit protection scheme in … You also need to serve the Prescribed Information within 30 days, or you could be penalised between one and three times the amount of the deposit. The tenancy deposit alternative. Telephone: 0333 321 9401 . www.depositprotection.com The home of deposit protection Most private landlords and letting agents taking deposits for Assured Shorthold Tenancies (ASTs) in England and Wales are required to safeguard them with a Government-authorised tenancy deposit protection scheme. Your tenancy agreementshould include information about which scheme your landlord or letting agent is using. Give the tenant (and anyone who has paid the deposit for them, such as an employer) certain required information about the scheme you have registered the deposit with – see Prescribed information . It's important to ensure that you're making an informed decision when deciding to rent out your house. Your landlord must use a TDP scheme even if your deposit is paid by someone else, such as a rent deposit scheme or your parents. Prescribed Information; Your deposit protection obligations don't end with paying the deposit to us. When you register a tenancy deposit, you can select the property and landlord(s) from your account. *Membership of TDS Insured is on an annual basis. Click the option that best describes you I am... an agent. Starting a tenancy I've protected a deposit. Being a landlord isn't as simple as finding a tenant and taking rent. Deposits paid before 6 April 2012. You only need to register these details once. The information is set out in the Housing (Tenancy Deposits (Prescribed Information) Order 2007. Don’t worry we won’t send you spam or share your email address with anyone. Tenancy Deposit Scheme. The choice is yours! To help us improve GOV.UK, we’d like to know more about your visit today. Under the proposed Tenancy Deposit Protection Scheme, landlords will have to lodge tenancy deposits with the PRTB at the same time as they are registering the tenancy. What next? It will take only 2 minutes to fill in. We’ll send you a link to a feedback form. Your TDS Custodial online account allows you to register tenancy properties, and also link landlords to them. When to make a claim. The penalties for not doing so are severe – up to 3 times the value of the deposit. Agent refers the tenant to Reposit via our platform. What is the landlord deposit scheme law? Your landlord doesn't have to protect your deposit if you paid it before 6 April 2007 and either: you never had a fixed term tenancy. Join Tenancy Deposit Scheme Custodial for free, fast, secure custodial deposit protection. WD61JH . keep the deposit protected during your tenancy. You choose between Insured Protection (you hold the deposit) and Custodial Protection (we hold the deposit). A poor decision may be costly. Your landlord doesn’t have to protect a holding deposit (money you pay to ‘hold’ a property before an agreement is signed). All content is available under the Open Government Licence v3.0, except where otherwise stated, If your landlord doesn't protect your deposit, Private renting for tenants: tenancy agreements, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Click here to find out more . Your landlord must return your deposit within 10 days of you both agreeing how much you’ll get back. Following the end of the tenancy and the tenant, Miss J, not receiving her deposit monies, she complained that Agent had failed to keep her informed about which protection scheme the deposit was registered with; that the Agent had not advised her how to dispute the landlord’s claims on the deposit and that the Agent had transferred the deposit to the landlord without her agreement. 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