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#NewsStory: How to prepare for the Tenancy Deposit Scheme Annual Data Snapshot, Pay the deposit into a custodial scheme within 14 days, If your deposit has not been protected you can contact your landlord and ask them to do so immediately, You can contact your local county court and start proceedings against your landlord, If it is found that your landlord has not protected your deposit they will be ordered to either repay it to you, or to pay it into a custodial scheme within 14 days. Is My Deposit Protected? Deposit protection has been a legal requirement for landlords since April 2007. We believe in choice for landlords and tenants when it comes to deposit protection. If your landlord holds your deposit (so should be protected in the Insured scheme), the landlord should pay your deposit back within 10 days of your request for the deposit to be returned. It has been argued that because of the stakeholder requirement, the deposit cannot be transferred … When the landlord fails to adequately protect the deposit within the time frames, you can go through the courts to apply for compensation, usually equivalent to 1-3 times the deposit. If you discover that your deposit has not been registered in any of the three government approved deposit protection schemes (MyDeposits, DPS – Deposit Protection Service, TDS – Tenancy Deposit Scheme), then you will not be able to use their free service to resolve a dispute with your landlord or agent. If you’re in an ‘insured’ scheme, you or the agent must give the deposit to the TDP scheme. Thanks for your reply, that's super interesting to know with regards to the date on the certificate - I had a feeling that the landlord might have been trying to mislead me with the timings as would seem weird for the DPS to take 30 days to process especially since the landlord has the 30 day obligation. This is to prevent the deposit being paid to either the landlord or tenant without the parties’ agreement. The deposit should remain protected for the duration of the tenancy, although there may be cases where your landlord or agent decides to change which scheme the deposit is protected with, in which case you should receive updated deposit protection documentation. More posts from the LegalAdviceUK community. Choose between the mydeposits government authorised cash deposit protection scheme or our deposit replacement partner, Ome. You can find out easily if your landlord has checked your deposit with us. By using our Services or clicking I agree, you agree to our use of cookies. How is My Deposit Protected? Reddit is not a substitute for a qualified Solicitor and comments are not moderated for quality or accuracy; Any replies received must only be used as guidelines, followed at your own risk; If you receive any private messages in response to your post, please let the mods know; It is the default position of LAUK that you should never speak to the media; Check out our Common Legal Resources for helpful organisations to contact; If you do not receive satisfactory advice after 72 hours, you can let the mods know; Please provide an update at a later time by creating a new post with [update] in the title; All replies to OP must be on-topic, helpful, and legally orientated; Please do not comment just to share a personal experience of a topic, a personal opinion or well wishes; It is your duty to read and follow the rules before and while participating in the subreddit; If you do not follow the rules, you could be banned without any further warning; Do not advise OPs to tell people to "f*ck off" or advise them to "go to the media"; Please include links to reliable resources in order to support your comments or advice; If you feel any replies are incorrect, explain why you believe they are incorrect; Do not send any private messages to any posters for any reason; Report posts or comments which do not follow the rules. Im sure I had protected both but i'd only done it for one. If you think your deposit has not been protected you should contact each of the three government approved providers to ensure that this is the case. LegalAdviceUK exists to provide help for those in need of legal support in England, Scotland, Wales and Northern Ireland. Submit . DO NOT pay them anything. The question is often asked, when will I get my deposit, or more often: how quickly will I get my deposit back? #ASKTDS – Should I pay my deposit before or after signing a tenancy agreement? While we recommend opening communications with your landlord before going to court, you may initiate court proceedings against your landlord. If you don’t have access to your Deposit Protection Certificate code or Deposit Account Number, please use the form below to search for your deposit by entering information about your tenancy. Your landlord is required to provide you with following documents and information regarding the DPS they are using to protect your deposit: This application will allow the tenant to raise a dispute at the end of the tenancy, whenever that may be, and TDS will honour the protection. Members must hold deposits, protected by TDS, as stakeholder. ", #PressRelease: The Depositary Integrates with TDS Custodial to Offer an Optimised Service, #ExpertView: Renters’ Reform - The way forward. © 2021 The Dispute Service Limited, All Rights Reserved. I had a look on their website and I can't see any mention of a 30 day lead time for custodial deposit protection, but as I am not at all familiar with the process, I don't know if I'm missing something or not. I have asked my landlord why the delay and I have been told that this is because it takes DPS 30 days to protect a deposit once it has been received by them. How to Initiate the Deposit Repayment Ask TDS: “What do I do if my deposit isn&... Find out if your deposit is protected with TDS, when a tenant can expect their deposit to be returned, Ask TDS: "When should my landlord return my deposit? At the end of a tenancy, the entire deposit is either paid back to the tenant, or the money is held until any disputes are settled, such as the landlord claiming part or all of the deposit to cover the cost of damages caused to the property during the tenancy. Find out if your deposit is protected with TDS, or read our blog about when a tenant can expect their deposit to be returned. We’re here to help you through the process of protecting your deposits, so you can meet your legal obligations and … Certificate Code or Deposit Account Number. Landlords have an obligation to pay deposits received from Tenants into a deposit protection scheme. Rules surrounding returning a deposit. If your landlord or letting agent changes during your tenancy your deposit still needs to be protected. If you suspect that it has not been protected you should follow these steps: The majority of landlords and agents are aware of their responsibilities and will have registered your deposit with one of the three schemes. The landlord (or agent on their behalf) should protect your deposit and provide you with prescribed information within 30 days of receiving the deposit. If you have already created an Insured scheme account by telephone but don't yet have an online account you can add online access here. If your landlord or letting agent has protected your deposit with us, you can rely on us to protect it throughout your tenancy. The landlord needs to pay the deposit into the scheme within 30 days of the tenancy starting the date shown on the certificate is the date the deposit was paid into the scheme not whatever date they finishing processing the certificate. Do not send any private messages to any posters for any reason. ... DPS MyDeposits TDS. TDS provide both insurance-backed and custodial tenancy deposit protection with free, impartial dispute resolution for when disagreements arise over how the money is … Your landlord or agent has 30 days from when you pay your deposit to: protect it with an authorised scheme Your landlord doesn’t have to protect a holding deposit (money you pay to ‘hold’ a property before an agreement is signed). Pay a small deposit protection fee to legally protect each deposit. Use your registered email address- For data protection purposes, we can only accept evidence emails sent from the address that is registered to your DPS account. £85 is therefore the amount I must repay to reduce my two month deposit to a five week deposit and remain compliant with the Tenant Fees Act. Our insurance scheme is where you pay a protection fee to protect your tenants deposits, allowing you to hold them in your own bank account. Most private renters have this type of tenancy. Press question mark to learn the rest of the keyboard shortcuts. Looks like you're using new Reddit on an old browser. You hand over your deposit to your landlord or agent as usual By law they must protect it with a scheme within 30 days You should also receive confirmation of the protection from your landlord/agent At the end of the tenancy the deposit is returned to you less any agreed deductions It is important that your rental deposit is protected to avoid the potential for any disputes with your landlord when your rental agreement finally expires and you leave the property. Are you a custodial member? One thing I did notice was that according to my deposit certificate, the date of deposit protection was 6 weeks after my tenancy started. In cases where an agent goes into liquidation, TDS will write to tenants giving them a time limited opportunity to submit an application. The certificate is very user friendly for the tenants with all the information in a simple … Our Deposit Checker can also be used to validate a Deposit ID. NO excuse at all and i'm really kicking myself now. If this is not the case, you should reach out to the scheme that your deposit was last protected with. We also provide impartial adjudication for disputes that arise over the deductions from the tenancy deposits that we protect. The law states that every Landlord who takes a deposit from a Tenant has to protect that deposit by lodging it with one of 3 tenancy deposit protection schemes. Protect each deposit you take with mydeposits. You hold the deposit in your account for the length of the tenancy. The TDS is a UK government-authorised deposit protection scheme that holds tenancy deposits on behalf of landlords. If your landlord doesn't protect your deposit Contact a tenancy deposit scheme ( TDP ) if you’re not sure whether your deposit has been protected. You can still manually work out the value of deposit you need to return and send us the details at depositcapsupport@depositprotection.com. If so, they'll need to protect it in a government authorised scheme like ours. To Posters (it is important you read this section), Tell us whether you're in England, Wales, Scotland, or NI as the laws in each are very different. We also provide fair and impartial adjudication for disputes that arise over the tenancy deposits that we protect. Please contact the moderators of this subreddit if you have any questions or concerns. The Deposit Protection Service (The DPS) Established in 2003, TDS is the longest serving Government-approved deposit protection scheme. © 2021 the Dispute Service limited, all Rights Reserved if your landlord has checked deposit... I ’ m renewing a tenancy that was entered into before 1 June 2019 # AskTDS: can... Throughout your tenancy your deposit must be protected if you ’ re in an ‘ insured ’ scheme you. 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