TDS Tenancy Deposit Protection. Landlords who let property and take a tenants deposit, have since April 2007 had to use one of the government approved Tenancy Deposit Schemes.. We have recently warned landlords about a fake tenancy deposit scheme operating under the name of mytenancydeposit.com. When the tenancy ends, we handle the repayment to the tenant. The Tenancy Deposit Scheme (TDS) is run by The Dispute Service Ltd. The deposit protection process is the same as when registering with My Deposits. Tenancy deposit protection applies to all deposits for assured shorthold tenancies that started in England or Wales on or after 6 April 2007. Using a tenancy deposit protection scheme like ours, ensures landlords and tenants receive the money they are entitled to at the end of a tenancy. TDS – Which Scheme? We are very happy that you have enjoyed your experience with TDS. Welcome to TDS Northern Ireland. Other schemes will not offer the same level of protection for either landlords or tenants. Tenancy Deposit Protection (TDP) was first introduced in 2004 as part of the Housing Act. 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. Press Release: The RLA and TDS Launch Free Tenancy Deposit Option: DepositGuard Custodial . If there is a dispute over how much should be returned, we provide a free dispute resolution service. This is done in one of two ways: Landlords must protect deposits within 30 days of the start of a tenancy. 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. The schemes offer a faster, cheaper and fairer way of settling any disputes over the return of deposits. We offer both insured and custodial schemes. We offer both insured and custodial deposit protection and provide fair adjudication for disputes relating to the deposits we protect. Related Pages See All. The choice of scheme is entirely up to you. Very happy with the service received so far. The above failings lead me to have a look at the reviews on Trust Pilot and you have a better feedback score. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). All landlords and letting agents are able to use the custodial scheme. There is a sliding scale of discounts for firms which have generated few or no disputes. When the tenancy comes to an end, after an amount has been agreed, the landlord has 10 days to return the deposit to the tenant. We are a not-for-profit company authorised by the Department for Communities to operate custodial and insurance based tenancy deposit protection schemes in Northern Ireland. As well as safeguarding money, the schemes offer independent adjudication in the event of any dispute. Tel: 0300 037 1001, TDS Custodial is a company registered in England and Wales with number 4851694 Registered Office Address: West Wing, First Floor, The Maylands Building, 200 Maylands Avenue, Hemel Hempstead, Hertfordshire, HP2 7TG Guides are free for all TDS members and TDS Academy Courses are discounted for TDS members. Most privately rented residential properties use assured shorthold tenancies. Welcome to TDS Northern Ireland. Friendly, approachable, informative and innovative- everything an agent could hope & wish for. Check if your deposit is protected by the TDS. In order for us to have a look into this further, could you please provide us with the dispute reference number/certificate code as well as the full tenancy address, including postcode. Reply from Tenancy Deposit Scheme (TDS) Good afternoon Matt, Thank you very much for taking the time to leave us a review. TDS - Tenancy Deposit Scheme | 3,295 followers on LinkedIn. If you have a private tenancy and have paid a deposit to your landlord (or agent), by law it must be protected in a government approved scheme. It … Landlords can choose which scheme they wish to use to safeguard each deposit. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of April 2007. We are very happy that you have enjoyed your experience with TDS, primarily with Cathy's help throughout the process. TDS – Which Scheme? As we do not know when a tenancy will end, we will not send you a reminder about this. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. ARLA Propertymark. Development to operate a tenancy deposit scheme in Northern Ireland. TDS has two main roles: To protect deposits. It is an insurance- backed tenancy deposit protection scheme authorised by the government. Cathy Edgar was extremely helpful with… Cathy Edgar was extremely helpful with our case. TDS is the only tenancy deposit protection scheme with an office in Wales. 1.1 TDS Custodial is a custodial tenancy deposit protection scheme authorised by the government. © 2021 The Dispute Service Limited, All Rights Reserved. Tenancy deposit protection applies to money received by a landlord or agent that is meant to be held as security in case a tenant does not comply with their obligations. Go to the deposit summary and click 'Request repayment of deposit.' The system is easy to use and if we ever need assistance our requests are dealt with promptly. Kind regards, Phoebe MARIA 2 reviews. Tenancy Deposit Scheme is a lifeline to tenants, and I am grateful for it. We are a not-for-profit company authorised by the Department for Communities to operate custodial and insurance based tenancy deposit protection schemes in Northern Ireland. 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. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. TDS guides area contains invaluable guides for Agents, Landlords and Tenants regarding tenancy deposit protection and our two schemes. The legislation was put forward as part of a package designed to raise standards in the private renting sector. TDS Insured is the longest running tenancy deposit protection scheme in the UK. After researching the schemes available, I decided to use the TDS and have been very happy with the service and professionalism. In the custodial scheme, your deposit will not be repaid automatically, even if your landlord has told us there are no deductions. I have used the Tenancy Deposit Scheme for numerous years. The main failings are the difficulty to submit evidence, the poor decisions by the adjudicators, the ignoring of photographic evidence, the mistakes by the adjudicators in working out unpaid rent (I had to complain to get the correct amount), the DPS losing evidence and not acknowledging they had received recorded post days after receipt. Always time well spent. TDS (confusingly standing both for The Dispute Service and Tenancy Deposit Scheme) charge agents an annual flat fee which varies depending on the organisation regulating the agent and the number of tenancies registered at a specific date in the year. If there is a dispute over how much should be returned, we provide a free dispute resolution service. Most residential tenancies in the private rented sector are assured shorthold tenancies, with some exceptions. Well done and a HUGE thank you for your continued service. I have used TDS since it’s inception and still find it the best of the deposit providers. At TDS we value your time, because we know time is money. Keep up the good work. The TDS Academy delivers expert guidance on the lifecycle of a deposit, from registration, repayment, through to the alternative dispute registration process. Insured schemes: the landlord keeps the deposit but pays an insurance premium that can be used to refund the tenant at the end of the tenancy. I also used the guides to manage landlords expectations, thank you! The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of … Tell us how much of the deposit each party should receive. We provide tenancy deposit protection for Agents and Landlords. If the other party agrees with the request we will repay the deposit. When the tenancy comes to an end, you handle the repayment. We have recently moved to TDS from another scheme and the process has been smooth and Debbie and the staff have been brilliant with the transition period. Reply from Tenancy Deposit Scheme (TDS) Dear Prashant, Thank you very much for taking the time to leave us a review. Pay a small fee (Insured) or pass the deposit to us for free (Custodial). Within these three approved schemes, there are two types of scheme: custodial and insurance. Join TDS Today I will forward your kind comments over to Cathy accordingly. All landlords and letting agents are able to use the custodial scheme. The Dispute Service is only not for profit deposit protection scheme. We invest our surpluses into improving our multi-award-winning service. They must also inform the tenant which scheme has been used within 30 days of receiving the deposit. A valuable affiliation for us, that we clearly benefit from. Fantastic service. Tenancy Deposit Scheme (TDS) There are many other schemes available, but only these three are protected in law. If TDS holds your deposit it is protected using our custodial scheme and the following information will apply. You will have a reference number in the format EW00000000 if your deposit is protected with our Custodial scheme. It is also the cheapest pay-as-you-go insured tenancy deposit protection scheme in England and Wales*. As well as the peace of mind of having such a professional organisation to act as an intermediary in any end of tenancy dispute, the TDS web site provides a wealth of information, case studies and legal precedents to guide landlords through the tricky decision-making process. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. The scheme is free to use and available to all landlords, agents and tenants. TDS Insured is the longest running insured deposit protection scheme … Become a member and ‘Register a Deposit’ in just a few minutes. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. Tenancy deposit protection schemes provide tenants with added security and peace of mind. We are very happy that you have enjoyed your experience with TDS. Custodial schemes: the deposit is held by a third party for the duration of the tenancy. If you require any further assistance in the future, please do not hesitate to contact us again and we will be more than happy to assist. NRLA members can access our discounted insured scheme, DepositGuard. Go to the deposit summary and click 'Request repayment of deposit.' With our custodial scheme, you pay the deposit to us and we protect the money for free. To release the deposit at the end of the tenancy the lead tenant or the landlord/agent should submit a 'Request for repayment' by logging in to their TDS Custodial account. You can find our Insured scheme here. GB. Tell us how much of the deposit each party should receive. You pay a small fee to protect each deposit and you keep the deposit during the tenancy and any interest accrued. I have had occasion to use the deductions template twice, since the excellent course I attended with you in Birmingham, and both times successfully managed to avoid dispute. Reply from Tenancy Deposit Scheme (TDS) Good morning Rishi, Thank you very much for taking the time to leave us a review, and leaving your kind words about our service. Whether I just need general advice or I need assistance logging a dispute they have always been helpful. Staff were in touch with updates and business as usual. We protect your tenancy deposits, with the reassurance that disputes arising at the end of the tenancy will be resolved quickly, fairly and for free. Tenancy Deposit Scheme is a multi-award-winning, government-approved tenancy deposit protection service. You need to login and submit your request or response and give us your bank details. In order for us to have a look into this further, could you please provide us with the dispute reference number/certificate code as well as the full tenancy address, including postcode. TDS is the longest running tenancy deposit protection scheme in the UK. You choose between Insured Protection (you hold the deposit) and Custodial Protection (we hold the deposit). There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). The reason I changed from the DPS to yourselves is because the DPS’s Dispute Resolution Service is very poor and inconsistent. A great company to associate with, understanding of our business and the ever changing market. Scheme authorised by I have also previously enquired about your dispute resolution service evidence submitting system and it is preferable for me. Making Tenancy Deposit Protection Easy! 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