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Issue:- 21 November 2013

Do you know what Tenancy Deposit Protection is?

IN England and Wales, it is hard to get on the property ladder so many people are now renting more and more. But what is not always understood is that if you are renting a property did you know that a landlord must protect your deposit once you become a tenant? But Landlords doesn't have to protect any holding deposit, that is the money you pay to 'hold' a property before an agreement is signed. But once the agreement is signed then the landlord or letting agent, then they must put your deposit in the scheme within 30 days of getting it. They must also tell you, within 30 days getting your deposit, the following:-

The address of the rented property.

How much deposit you've paid.

How the deposit is protected.

The name and contact details of the tenancy deposit protection (TDP) scheme and its dispute resolution service.

Their (or the letting agency's) name and contact details.

The name and contact details of any third party that's paid the deposit.

Why they would keep some or all of the deposit.

How to apply to get the deposit back.

What to do if you can't get hold of the landlord at the end of the tenancy.

What to do if there's a dispute over the deposit.

But the idea of these government-backed schemes are that they ensure you'll get your deposit back if you:-

►  Meet the terms of your tenancy agreement.

Don't damage the property.

Pay your rent and bills.

The Law in England and Wales says clearly that you are entitled to have your tenancy deposit returned to you, if you have met the above. should it not be paid back a court can order your landlord to return your deposit and pay you compensation of between 1 and 3 times its value. If you are still a tenant, there may be risks involved in taking action, so be aware of that.

The Dispute Service Ltd. is the UK's longest established provider of tenancy deposit protection whom told us that:- "Tenants, landlords or letting agents should all be aware of this deposit protection and alternative dispute resolution in England and Wales. Most private landlords ask new tenants for a tenancy deposit before they move in, but few tenants are aware that landlords or letting agents, should place your deposits in a government-backed tenancy deposit protection scheme. We would strongly advise that if you are in assured short hold tenancy or provide tenancy, then you should read up about the scheme."

The schemes in England and Wales are run by:- My Deposits, The Deposit Protection Service (Custodial and Insured), The Dispute Service and Capita. But the Capita Tenancy Deposit Protection is no longer accepts new deposits and is closing on 13 September 2014. Tenants under them will are covered still as their deposits remain protected until the end of a tenancy.

For information on how to find out if your deposit is protected see the charity Shelters's wesbite  On that site can you can get more advice on what to do if you have a problem. Also see this link for more information.  You can also get free advice by calling Shelters' Helpline:- 0808 800 4 444.  Also if you are a landlord or letting agent you can go to:- gov.uk/browse/housing/owning-renting-property.

If you have had an issue with tenancy deposit protection and would like to voice your views on this subject, please let us know by emailing our newsroom via:-news24@southportreporter.com.

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