Best TDP Schemes: Don’t let YOUR deposit get away!
Your landlord must put your deposit in a government-backed tenancy deposit scheme (TDP) if you rent your home on an assured shorthold tenancy that started after 6 April 2007.
There are plenty of decent, honest landlords out there who play by the rules. However, we all know this is not always the case. One of the main bugbears amongst tenants has always concerned deposits – particularly the amount that they sometimes ask for and getting your deposit back once the tenancy is over.
The Tenancy Deposit Protection (TDP) Schemes was set up in 2007 in England & Wales with some of these issues in mind. The scheme covers something referred to as Assured Shorthold Tenancy agreements (AST). So if you are renting a property that comes under this AST definition then your landlord has to put your deposit in one these schemes within 30 days of receiving your deposit.
Top OFFICIAL Tenancy Deposit Schemes
ENGLAND & WALES
Deposit Protection Service
Tenancy Deposit Scheme
NORTHERN IRELAND: NI Direct
The idea behind Tenancy Deposit schemes is that the since the government backs them, they should ensure the return of your deposit provided you have met the terms in your tenancy agreement, you have paid all your rent and bills and you haven’t damaged the property.
Tenancy Deposit Protection 6 TOP TIPS for getting your hard-earned deposit back
- Once you come to the end of the tenancy, provided you and your landlord agree on how much of the deposit will be returned to you, then they have to give it back WITHIN 10 DAYS of the end of the tenancy.
- If things don’t run smoothly and there is a dispute as to how much you will get back (as so often happens when you try to agree on the state of the property), then your deposit is protected until the argument is sorted out.
- However, THE SCHEME DOESN’T APPLY TO HOLDING DEPOSITS’ which you may have paid to ‘hold’ the property before signing an agreement. If, once you have signed the AST the holding deposit becomes the actual deposit, then it must be protected.
- EVEN IF SOMEONE ELSE PAYS THE DEPOSIT ( e.g. a friend or if your starting out, your parents or you’re borrowing the money from a rent deposit scheme) then your landlord still has to use a TDP scheme.
- If you’re not sure if your landlord has used one of these schemes then ASK YOUR LANDLORD for proof, or contact the particular scheme directly.
- If you still don’t think they’ve been abiding by the rules then you can take the matter to your County Court.