New to TDS? Prescribed Information; Your deposit protection obligations don't end with paying the deposit to us. Step three. You can contact us at: 1st Floor, Premiere House, Elstree Way, Borehamwood, Hertfordshire. a rent deposit scheme by relocation / council or your parents, partners. We use this information to make the website work as well as possible and improve government services. give you certain written information about the scheme . Check how the new Brexit rules affect you. Log into your account at TDS Custodial, and then select the “My Portfolio” screen. The choice is yours! How it works Book a demo. This rate applies if the RTB receives the completed application within a month of the start of the tenancy. Don’t worry we won’t send you spam or share your email address with anyone. a landlord. A new way of renting without the hassle of a deposit. Register the deposit with an authorised scheme and keep it protected throughout the tenancy. Your landlord doesn’t have to protect a holding deposit (money you pay to ‘hold’ a property before an agreement is signed). Starting a tenancy I've protected a deposit. At the end of the tenancy, landlords must return the deposit within 10 days … the new landlord or agent should arrange for the deposit to remain protected . 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. 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. Log in and take care of your deposit whenever you need to. Brief reminder of what is required to comply with the Tenancy Deposit Legislation. My Deposits is an easy to understand government authorised and guaranteed tenant deposit protection scheme (DPS). A TDS Member (landlord or agent) must also give the tenant ‘prescribed information’. However we also offer an offline registration form. Find out more about our services today. Join Tenancy Deposit Scheme Custodial for free, fast, secure custodial deposit protection. 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. Know your rights, understand your assured shorthold tenancy agreement and ensure your deposit is protected - now a legal requirement within the UK. Log in to your account. You can use it to report a problem or suggest an improvement to a webpage. Log into your account at TDS Custodial, and then select the “My Portfolio” screen. 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. There is also no requirement to inform TDS if a new tenancy agreement is signed if the terms remain unchanged and the deposit amount remains the same. Your TDS Custodial online account allows you to register tenancy properties, and also link landlords to them. 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. It is essential that the tenancy deposit is registered with a recognised scheme before the tenancy begins. Step one. We use cookies to collect information about how you use GOV.UK. Click the option that best describes you I am... an agent. Become a TDS Custodial member! Need more information about membership? 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. You have 6 years to claim from the date the rules were broken. What next? l belong to the scheme; l register the deposit on the TDS tenancy database; l pay a membership subscription or deposit protection charge. 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. The tenancy deposit alternative. Your fee is calculated at the start of each membership year (1 April – 31 March) based on the number of deposits you are protecting and discounts are applied for low numbers of disputes. 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. 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. Tenancy Deposit Scheme. Landlords are subject to many rules and regulations, and your property is valuable. Need to view or manage your deposits? When you register a tenancy deposit, you can select the property and landlord(s) from your account. 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. 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… © 2021 The Dispute Service Limited, All Rights Reserved. In England and Wales your deposit can be registered with: If you don’t rent your home on an assured shorthold tenancy, your landlord can accept valuable items (for example a car or watch) as a deposit instead of money. To help us improve GOV.UK, we’d like to know more about your visit today. It's important to ensure that you're making an informed decision when deciding to rent out your house. 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. 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. TDS Custodial gives tenants (and anyone who paid the deposit on the tenant… Your deposit should be protected with a scheme throughout your tenancy if you have an assured shorthold tenancy. 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 . schemes which have been authorised to protect tenancy deposits. 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. Check your tenancy deposit is protected. Tenancy deposit schemes. 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. The basic rate for registering a private rented or AHB tenancy with the RTB is €90 per tenancy. It will take only 2 minutes to fill in. A late fee of €180 per tenancy applies if an application is received more than a month after the tenancy starts. Deposits paid before 6 April 2012. Don’t include personal or financial information like your National Insurance number or credit card details. 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. Different time limits applied before this date. 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. Please complete each step to register with TDS Custodial. There is no charge to register and protect deposits with the TDS Custodial scheme. You have a choice of deposit protection type: TDS Insured and TDS Custodial. 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. Agent refers the tenant to Reposit via our platform. 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