Tenancy Deposit Scheme

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Tenancy Deposit Scheme

 

The Tenancy Deposit Scheme (TDS) was introduced by the Government on 6th April 2007. The new legislation is mandatory for all Assured Shorthold Tenancies. All tenancy deposits taken by landlords (or agents on behalf of landlords) in connection with an Assured Shorthold Tenancy must be protected by law under one of two types of statutory Tenancy Deposit Protection (TDP) schemes. Full details of the scheme can be found at The Dispute Service (www.thedisputeservice.co.uk).
 

Dispute Service

What information will The Dispute Service base their adjudication on?

 
 

Any written evidence and statements from both parties. Documentation relating to the tenancy e.g. A well prepared inventory, check-in report, check-out report, the tenancy agreement, photos, contractor quotes, receipts etc. If there is a deposit dispute then the adjudicator will usually look more favourably at an independent inventory which has been produced by a third party, such as Absolute Inventory Services. Inventories prepared by landlords and agents can often be viewed as prejudiced and one sided.

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