It allows you to protect deposits online and hold onto the deposit money; providing you with simple, cost-effective deposit protection. The Tenancy Deposit Scheme (TDS) which RM English use to protect our tenants deposits, have recently announced the launch a new app to help tenants manage their deposit directly from their smartphone. DepositGuard offers competitive rates on Insured deposit protection and free Custodial deposit protection, in partnership with the Tenancy Deposit Scheme. They must also inform the tenant which scheme has been used within 30 days of receiving the deposit. If a landlord does take a deposit for an Assured Shorthold Tenancy agreement, as of 6th April 2007, the landlord MUST put the deposit in a government-backed tenancy deposit scheme. Tenancy Deposit Scheme TDS is a not-for-profit organisation which provides a government approved tenancy deposit protection scheme for England and Wales. Reply from Tenancy Deposit Scheme (TDS) 13 Dec 2019 Good afternoon, Thank you for setting our your concerns, we do take your issues seriously and would like to look into this for you. … Join TDS Today as a Landlord. Welcome to TDS Northern Ireland We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. Since 2007, it has been a legal requirement for landlords in England and Wales to protect their tenants deposit in a Government-backed tenancy deposit protection scheme like the one offered by Tenancy Deposit Scheme (TDS).. As a NRLA member, you can protect your tenancy deposits with the award-winning Tenancy Deposit Scheme (TDS), at the click of a button, via your NRLA … Non-protection of a deposit taken before the commencement of the regulations on 6 April 2007 does not result in a penalty, but no valid Section 21 notice may be served until the deposit has been protected. Become a TDS Custodial member! We offer both an insured and custodial scheme. Become a TDS Northern Ireland member! Challan No./ITNS 286:- Payment under Income Declaration Scheme, 2016. Landlords can choose which scheme they wish to use to safeguard each deposit. Welcome to TDS Northern Ireland. This explains what has happened to the deposit and how TDS Custodial protects it. Between April and September 2013, Capita also operated an insurance-backed scheme. The defences in these cases are affected by the Localism Act 2011, which made the following changes to the law affecting deposit registration:[3], Either a Landlord or a tenant may begin the claims process from 14 days after the end of the tenancy. What if the agent or landlord doesn't respond to the repayment request? We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. If the existing tenancy agreement is continuing, create an addendum to reflect the new arrangement. TENANCY DEPOSIT FEES. All landlords and letting agents are able to use the custodial scheme. Deposit protected by Capita was subsequently transferred to MyDeposits. The aims of the provisions are to remove the risk of misappropriation of tenants' deposits by landlords and letting agents. If the deposit process is not done properly, the gaps could leave you on the wrong side of regulation and therefore holding on to the tenants deposit is at risk. Are you prepared? They are commonly used as a homelessness prevention measure. TDS on Payments in respect of Deposit under National Savings Scheme (NSC), etc. As of November 2016[update] three companies are authorised by the UK government to run tenancy deposit schemes:[1]. 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