Your TDS Custodial online account allows you to register tenancy properties, and also link landlords to them. 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. You only need to register these details once. Being a landlord isn't as simple as finding a tenant and taking rent. Landlords or letting agents must protect a tenant’s deposit in one of the approved schemes within 30 days of receiving it. Please complete each step to register with TDS Custodial. Join Tenancy Deposit Scheme Custodial for free, fast, secure custodial deposit protection. The deposit must remain protected throughout the tenancy. Complaint. 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. A poor decision may be costly. It is essential that the tenancy deposit is registered with a recognised scheme before the tenancy begins. Currently there are three approved schemes: MyDeposits Scotland; Safe Deposits Scotland ; Letting Protection Service Scotland; What will happen to my deposit? Register Become a member and ‘Register a Deposit’ in just a few minutes. You choose between Insured Protection (you hold the deposit) and Custodial Protection (we hold the deposit). Registering a deposit - Landlords. A late fee of €180 per tenancy applies if an application is received more than a month after the tenancy starts. 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. 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. New to TDS? We process the Personal Data supplied by you in order to administer the tenancy deposit protection scheme in … The penalties for not doing so are severe – up to 3 times the value of the deposit. Your deposit should be protected with a scheme throughout your tenancy if you have an assured shorthold tenancy. Tenancy deposit schemes. 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. 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. We use cookies to collect information about how you use GOV.UK. Log into your account at TDS Custodial, and then select the “My Portfolio” screen. Register the deposit with an authorised scheme and keep it protected throughout the tenancy. 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. To help us improve GOV.UK, we’d like to know more about your visit today. Log in to your account. 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. Telephone: 0333 321 9401 . a landlord. Don’t include personal or financial information like your National Insurance number or credit card details. Step three. We use this information to make the website work as well as possible and improve government services. 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. keep the deposit protected during your tenancy. © 2021 The Dispute Service Limited, All Rights Reserved. A new way of renting without the hassle of a deposit. Know your rights, understand your assured shorthold tenancy agreement and ensure your deposit is protected - now a legal requirement within the UK. Tenancy Deposit Scheme. Don’t worry we won’t send you spam or share your email address with anyone. You have 6 years to claim from the date the rules were broken. Tenancy Deposit Scheme. Prescribed Information; Your deposit protection obligations don't end with paying the deposit to us. 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. Landlords or agents register with the scheme and pay the deposits they receive from tenants to TDS Custodial. 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. There is no charge to register and protect deposits with the TDS Custodial scheme. 2.2 TDS Custodial is a custodial scheme. 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. 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 basic rate for registering a private rented or AHB tenancy with the RTB is €90 per tenancy. Select your preferred tenancy deposit protection scheme below. Deposits made by a third party Your landlord must use a TDP scheme even if someone pays your deposit else, i.e. This is the most common form of private tenancy. My Deposits is an easy to understand government authorised and guaranteed tenant deposit protection scheme (DPS). Check how the new Brexit rules affect you. You’ve accepted all cookies. Your landlord must register your deposit within 30 working days of your tenancy starting and the schemes do not charge you or your landlord. When you register a tenancy deposit, you can select the property and landlord(s) from your account. What is the landlord deposit scheme law? Landlords are subject to many rules and regulations, and your property is valuable. give you certain written information about the scheme . There are separate TDP schemes in Scotland and Northern Ireland. Please click the appropriate option below to begin the registration … In this case, deposits are protected until either party notifies us that the tenancy has come to the end. If you’re a landlord who’s taken a deposit for a tenancy, you need to protect it in a government authorised scheme. Brief reminder of what is required to comply with the Tenancy Deposit Legislation. TDS Custodial gives tenants (and anyone who paid the deposit on the tenant… Register online with TDS Northern Ireland for the quickest and easiest way to protect a deposit. 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. 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. 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. How it works Book a demo. 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. WD61JH . 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. Need to view or manage your deposits? Step two. The choice is yours! It's important to ensure that you're making an informed decision when deciding to rent out your house. Custodial scheme keep it protected throughout the tenancy deposit Legislation rights, your... Agents register with TDS Northern Ireland for the quickest and easiest way to protect a deposit type TDS... 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