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► Housing Deposits

Housing Deposits

All deposits taken by landlords and letting agents for Assured Shorthold Tenancies in England and Wales, must be protected by a tenancy deposit protection scheme, this includes students letting rooms or properties during their studies.

If you are concerned your deposit isn't protected or you need more information please get in touch.

What are Tenancy Deposit Schemes?

The schemes allow tenants to get all or part of their deposit back when they are entitled to it and encourage tenants and landlords to make a clear agreement from the start on the condition of the property.

The schemes:

  • allow tenants to get all or part of their deposit back when they are entitled to it
  • make any disputes easier to resolve
  • encourage tenants and landlords to make a clear agreement from the start on the condition of the property

There are two types of tenancy deposit protection scheme available for landlords and letting agents. All schemes provide a free dispute resolution service.

How does it work?

Within 14 days of receiving a deposit

The landlord or agent must give the tenant the details about how their deposit is protected including:

  • the contact details of the tenancy deposit scheme selected
  • the landlord or agent’s contact details
  • how to apply for the release of the deposit
  • information explaining the purpose of the deposit
  • what to do if there is a dispute about the deposit

 

Find out more

For more inforamtion please contact the SAS or look on the Direct.gov website.

 Read this useful leaflet.

 

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