Tenancy Deposit Scheme
As part of the Housing Act 2004, the Government has made provisions for the protection and return of all deposits, paid under an Assured Shorthold Tenancy (AST), and the resolution of any disputes over their return.
These provisions state that all AST deposits taken by a landlord or letting agent must be protected in a government-authorised tenancy deposit scheme; of which there are three.
We are members of The Tenancy Deposit Scheme (TDS) operated by The Dispute Service. They offer an insurance based scheme, allowing us to hold on to any deposit paid and will provide an independent and impartial method of resolving any differences between landlords and tenants at the end of a tenancy.