In cases where an agent goes into liquidation, TDS will write to tenants giving them a time limited opportunity to submit an application. Not a lawyer, but you could try to reach an agreement with the landlord that doesn't involve courts. Choose between the mydeposits government authorised cash deposit protection scheme or our deposit replacement partner, Ome. These measures are in place to ensure the tenant is not left out of pocket through no fault of their own. The question is often asked, when will I get my deposit, or more often: how quickly will I get my deposit back? 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. ... DPS MyDeposits TDS. Our Deposit Checker can also be used to validate a Deposit ID. 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. You can still manually work out the value of deposit you need to return and send us the details at depositcapsupport@depositprotection.com. Is my deposit protected by The DPS? Pay a small deposit protection fee to legally protect each deposit. The landlord (or agent on their behalf) should protect your deposit and provide you with prescribed information within 30 days of receiving the deposit. ... Deposit Protection Service (DPS) If there is no dispute about the return of the deposit at the end of the tenancy, the landlord . The TDS is a UK government-authorised deposit protection scheme that holds tenancy deposits on behalf of landlords. 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. I used to protect deposits for my lodgers when I didn't need to so I wasn't trying to fool anyone it was a genuine mistake. Transfer the deposit by direct debit, bank transfer or cheque. There are various circumstances in which you should receive updated deposit protection documentation, such as (but not limited to): If your deposit is unprotected, this usually means that a landlord has notified the Tenancy Deposit Scheme that your tenancy has ended, or that your deposit has been protected with another scheme (usually due to a change in managing agent, or after the sale of a property to a landlord who uses a different scheme). Landlords have the choice of using a custodial scheme or an insured scheme through a government approved provider such as TDS. We will investigate your case thoroughly by collecting additional documents such as copies of your tenancy agreement(s). How to Initiate the Deposit Repayment 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. or agent must pay the deposit to the tenant without delay, less any deductions that the . Are you a custodial member? I have used this company for many years now to protect the deposits I take on my rental properties. By law, Landlords have to pay deposits received from Tenants into a deposit protection scheme within 30 days. We operate as a form of "legal triage" where commenters can guide posters towards resolving issues themselves or towards an appropriate professional. We’re here to help you through the process of protecting your deposits, so you can meet your legal obligations and … Is my deposit protected? Press question mark to learn the rest of the keyboard shortcuts. The Tenancy Deposit Scheme (TDS) is a government approved scheme for the protection of tenancy deposits; we offer both insured and custodial protection. NO excuse at all and i'm really kicking myself now. The deposit is protected in the scheme until the issue is settled. tenant has agreed. If you haven’t received notification as to your deposit protection, you may want to check this with your landlord or agent. 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 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. #ASKTDS – Should I pay my deposit before or after signing a tenancy agreement? By using our Services or clicking I agree, you agree to our use of cookies. Find out if your deposit is protected with TDS, or read our blog about when a tenant can expect their deposit to be returned. © 2021 The Dispute Service Limited, All Rights Reserved. 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? See pricing plan. One thing I did notice was that according to my deposit certificate, the date of deposit protection was 6 weeks after my tenancy started. If your landlord or letting agent has protected your deposit with us, you can rely on us to protect it throughout your tenancy. Your deposit must be protected if you have an assured shorthold tenancy. Deposit protection has been a legal requirement for landlords since April 2007. ", #PressRelease: The Depositary Integrates with TDS Custodial to Offer an Optimised Service, #ExpertView: Renters’ Reform - The way forward. By entering your tenancy details in the form below you can quickly check our database for your deposit and see the protection status. We also provide fair and impartial adjudication for disputes that arise over the tenancy deposits that we protect. Submit . Protect each deposit you take with mydeposits. 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. While we recommend opening communications with your landlord before going to court, you may initiate court proceedings against your landlord. 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. Pass the tenant the Prescribed Information immediately. Those two are somewhat separate issues. If you’re a tenant who’s about to move into a new property, you'll most likely have paid your landlord or letting agent a tenancy deposit. Your deposit will be held in the custodial deposit protection scheme and will have been transferred to the landlord's custodial deposit account as soon as funds cleared. DO NOT pay them anything. 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. The service is very easy to use, I like the diary reminder one month before expiry. If you’re in an ‘insured’ scheme, you or the agent must give the deposit to the TDP scheme. 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. Certificate Code or Deposit Account Number. Manage all of your protections and deposits releases online. You hold the deposit in your account for the length of the tenancy. Im sure I had protected both but i'd only done it for one. To my horror there was only the first tenants deposit there. You can now filter and sort your deposit protection history. How is My Deposit Protected? Landlords have an obligation to pay deposits received from Tenants into a deposit protection scheme. 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. Just provide your landlord ID, deposit ID, the current deposit value protected and the amount you want us to refund. This article has been written in response to a tenant’s query: “What to do if my deposit isn’t protected?”. We believe in choice for landlords and tenants when it comes to deposit protection. Do not send any private messages to any posters for any reason. Certificate Code or Deposit Account Number. It has been argued that because of the stakeholder requirement, the deposit cannot be transferred … I’m renewing a tenancy that was entered into before 1 June 2019. 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. If this is not the case, you should reach out to the scheme that your deposit was last protected with. You have the ability to Renew an existing tenant where you have issued a new AST without the need to re-enter all the tenancy details. If you suspect that your previous or current landlord failed to protect your deposit, then simply contact us today. Members must hold deposits, protected by TDS, as stakeholder. Useful to know too re deductions for the deposit - I don't mind that at all as long as they are correct, fair and reasonable, but I'm waiting to see a schedule so will see what that looks like. The Deposit Protection Service (The DPS) Established in 2003, TDS is the longest serving Government-approved deposit protection scheme. This means the deposit is now an issue between you, the deposit protection scheme, and 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. 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