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As of 6 April 2007, all landlords and letting agents taking deposits for assured shorthold tenancies (ASTs) in England and Wales must safeguard them with a Government-authorised tenant deposit protection scheme.
This includes all tenancies that are renewed post the 6th April 07. The details of the three scheme are as below:
Option 1 - The Deposit Protection Service - www.depositprotection.com who run the free custodial scheme –
Option 2 - The Dispute Service Ltd - www.tds.gb.com who run the insurance based scheme aimed mainly at agents –
Option 3 - Tenancy Deposit Solutions - www.mydeposits.co.uk who run the insurance based scheme aimed mainly at landlord-
Belvoir Watford is a registered member of The Deposit Protection Service