Property Management
Guide to the Tenant Deposit Regulation Housing Act 2004
The Deposit Protection Service
From 6th April 2007, all landlords and letting agents taking deposits for Assured Shorthold Tenancies (ASTs) in England and Wales will be required to join a Government- accredited tenancy deposit protection scheme. This will safeguard all the deposits landlords and agents take.
The Deposit Protection Service (The DPS) is free of charge and open to all landlords and letting agents. It provides an independent dispute resolution service. The scheme is managed by Computershare Investor Services PLC, a global business with over 8 years experience of administering a tenancy deposit scheme to Australia. The following information has been taken from the DPS website:
