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tds tenancy deposit scheme

7 talking about this. Reply from Tenancy Deposit Scheme (TDS) Good morning Rishi, Thank you very much for taking the time to leave us a review, and leaving your kind words about our service. The Residential Landlords Association (RLA) and Tenancy Deposit Scheme (TDS) have joined forces once again to create a free, custodial... 23rd October 2019 TDS Insured is the longest running insured deposit protection scheme … Making Tenancy Deposit Protection Easy! We also provide invaluable guides and training through the TDS Academy. As well as the peace of mind of having such a professional organisation to act as an intermediary in any end of tenancy dispute, the TDS web site provides a wealth of information, case studies and legal precedents to guide landlords through the tricky decision-making process. Choose between insured or custodial scheme, Pay a small fee (insured) or transfer the deposit to us for free (custodial). NRLA members can access our discounted insured scheme, DepositGuard. Related Pages See All. 1.1 TDS Custodial is a custodial tenancy deposit protection scheme authorised by the government. Are you frustrated waiting to get through to your current deposit protection scheme? The legislation was put forward as part of a package designed to raise standards in the private renting sector. Press Release: The RLA and TDS Launch Free Tenancy Deposit Option: DepositGuard Custodial . I will forward your kind comments over to Cathy accordingly. TDS – Which Scheme? TDS Tenancy Deposit Protection. We protect your tenancy deposits, with the reassurance that disputes arising at the end of the tenancy will be resolved quickly, fairly and for free. TDS is the longest running tenancy deposit protection scheme in the UK. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of … GB. TDS Northern Ireland is a wholly owned subsidiary of The Dispute Service Ltd, which operates the Tenancy Deposit Scheme in England and Wales and is a key partner providing services to the SafeDeposits Scotland consortium, which operates the largest tenancy deposit protection scheme in Scotland. I have used TDS since it’s inception and still find it the best of the deposit providers. TDS are a critical partner in delivering our award-winning lettings services and give us and our consumers incredible support. Join TDS Today TDS is the only tenancy deposit protection scheme with an office in Wales. I always find the TDS webinars interesting and informative. We offer both insured and custodial deposit protection and provide fair adjudication for disputes relating to the deposits we protect. We have recently moved to TDS from another scheme and the process has been smooth and Debbie and the staff have been brilliant with the transition period. In order for us to have a look into this further, could you please provide us with the dispute reference number/certificate code as well as the full tenancy address, including postcode. Tenancy Deposit Scheme. Other schemes will not offer the same level of protection for either landlords or tenants. Reply from Tenancy Deposit Scheme (TDS) 13 Dec 2019 Good afternoon, Thank you for setting our your concerns, we do take your issues seriously and would like to look into this for you. TDS (confusingly standing both for The Dispute Service and Tenancy Deposit Scheme) charge agents an annual flat fee which varies depending on the organisation regulating the agent and the number of tenancies registered at a specific date in the year. We offer an insured or a custodial protection service. Both our insured scheme and custodial schemes have their own benefits. Guides are free for all TDS members and TDS Academy Courses are discounted for TDS members. Welcome to TDS Northern Ireland. © 2021 The Dispute Service Limited, All Rights Reserved. It is also the cheapest pay-as-you-go insured tenancy deposit protection scheme in England and Wales*. If TDS holds your deposit it is protected using our custodial scheme and the following information will apply. The schemes offer a faster, cheaper and fairer way of settling any disputes over the return of deposits. If there is a dispute over the amount to be returned, the tenancy deposit protection scheme holding the deposit will provide a dispute resolution service. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of April 2007. TDS is the longest running provider of deposit protection. Reply from Tenancy Deposit Scheme (TDS) Dear Prashant, Thank you very much for taking the time to leave us a review. Tenancy deposit protection schemes provide tenants with added security and peace of mind. Landlords who let property and take a tenants deposit, have since April 2007 had to use one of the government approved Tenancy Deposit Schemes.. We have recently warned landlords about a fake tenancy deposit scheme operating under the name of mytenancydeposit.com. We are very happy that you have enjoyed your experience with TDS. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). Tenancy Deposit Protection (TDP) was first introduced in 2004 as part of the Housing Act. If the other party agrees with the request we will repay the deposit. Keep up the good work. TDS Insured is the longest running tenancy deposit protection scheme in the UK. Welcome to TDS Northern Ireland. During the traumatic event at the TDS Headquarters, despite the severity of the event services were resumed as normal almost immediately. We offer both insured and custodial schemes. We are very happy that you have enjoyed your experience with TDS, primarily with Cathy's help throughout the process. TDS - Tenancy Deposit Scheme | 3,295 followers on LinkedIn. With both Custodial and Insured options, we have your deposits covered. Very happy with the service received so far. In the custodial scheme, your deposit will not be repaid automatically, even if your landlord has told us there are no deductions. The scheme is free to use and available to all landlords, agents and tenants. If your landlord or agent holds your deposit, it may be protected with our Insured scheme. I’ve used the TDS for all my tenancies since protecting deposits with an independent organisation became law. Tenancy deposit schemes are in place to protect both the tenant and the landlord. TDS is a not-for-profit organisation which provides a government approved tenancy deposit protection scheme for England and Wales. We provide tenancy deposit protection for Agents and Landlords. Tenancy Deposit Scheme is a government-approved, award-winning tenancy deposit protection service. Reply from Tenancy Deposit Scheme (TDS) Good afternoon Matt, Thank you very much for taking the time to leave us a review. We are a not-for-profit company authorised by the Department for Communities to operate custodial and insurance based tenancy deposit protection schemes in Northern Ireland. TDS Custodial is the hassle-free way to protect your deposit. The reason I changed from the DPS to yourselves is because the DPS’s Dispute Resolution Service is very poor and inconsistent. A valuable affiliation for us, that we clearly benefit from. We provide outstanding service for our members and customers. If there is a dispute over how much should be returned, we provide a free dispute resolution service. When the tenancy ends, we handle the repayment to the tenant. Become a TDS Custodial member! Landlords who let property and take a tenants deposit, have since April 2007 had to use one of the government approved Tenancy Deposit Schemes.. We have recently warned landlords about a fake tenancy deposit scheme operating under the name of mytenancydeposit.com. This will include how to confidently understand which deposit issues may already be resolved and what kinds of evidence you can prepare to save time and be more efficient should there be a dispute at the end of the tenancy. Tenancy Deposit Scheme ( TDS) provides award-winning tenancy deposit protection for letting agents and landlords. Most residential tenancies in the private rented sector are assured shorthold tenancies, with some exceptions. This allows us to work closely with our customers to help improve our services and provide relevant information and guidance. After researching the schemes available, I decided to use the TDS and have been very happy with the service and professionalism. I have had occasion to use the deductions template twice, since the excellent course I attended with you in Birmingham, and both times successfully managed to avoid dispute. The main failings are the difficulty to submit evidence, the poor decisions by the adjudicators, the ignoring of photographic evidence, the mistakes by the adjudicators in working out unpaid rent (I had to complain to get the correct amount), the DPS losing evidence and not acknowledging they had received recorded post days after receipt. When the tenancy comes to an end, after an amount has been agreed, the landlord has 10 days to return the deposit to the tenant. Tenancy Deposit Scheme is a lifeline to tenants, and I am grateful for it. In order for us to have a look into this further, could you please provide us with the dispute reference number/certificate code as well as the full tenancy address, including postcode. The presenters understand the issues that arise when handling deposits and communicate the information in a professional and knowledgeable manner. Scheme authorised by I commend the attitudes and commitment of the staff and appreciate they were on hand to continue with their services even though they were going through a very rough time themselves. At TDS we value your time, because we know time is money. You need to login and submit your request or response and give us your bank details. Tell us how much of the deposit each party should receive. Landlords can choose which scheme they wish to use to safeguard each deposit. Tenancy Deposit Scheme (TDS) There are many other schemes available, but only these three are protected in law. We answer our calls and emails faster than any other deposit protection service in England and Wales. Custodial TDP schemes . All landlords and letting agents are able to use the custodial scheme. With our custodial scheme, you pay the deposit to us and we protect the money for free. Kind regards, Phoebe MARIA 2 reviews. We are very happy that you have enjoyed your experience with TDS. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. We provide tenancy deposit protection for Agents and Landlords. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. Become a TDS Northern Ireland member! Tenancy Deposit Scheme (TDS) provides award-winning tenancy deposit protection for letting agents and landlords. Most privately rented residential properties use assured shorthold tenancies. Protecting tenancy deposits – we will: • lodge and protect tenancy deposits registered on the TDS tenancy database, in accordance with our published procedures; • confirm when a deposit is protected with our scheme; • send the appropriate notices to landlord, tenant and agent when a Member leaves our scheme and when a deposit is no longer protected. They must also inform the tenant which scheme has been used within 30 days of receiving the deposit. Tenancy Deposit Scheme (TDS) is a government-approved scheme for the protection of tenancy deposits; TDS offers both Insured and Custodial protection and also provides fair adjudication for disputes that arise over the tenancy deposits that we protect. Always time well spent. You will have a reference number in the format 7sgjw2 if your deposit is protected with our Insured scheme. Having a secure tenancy deposit scheme (TDS) and the collection of the deposit being managed in the right way, you secure yourself against damage to the property. It is an insurance- backed tenancy deposit protection scheme authorised by the government. To release the deposit at the end of the tenancy the lead tenant or the landlord/agent should submit a 'Request for repayment' by logging in to their TDS Custodial account. © 2021 The Dispute Service Limited, All Rights Reserved. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. We offer both insured and custodial schemes. If there is a dispute over how much should be returned, we provide a free dispute resolution service. As we do not know when a tenancy will end, we will not send you a reminder about this. The above failings lead me to have a look at the reviews on Trust Pilot and you have a better feedback score. You choose between Insured Protection (you hold the deposit) and Custodial Protection (we hold the deposit). She responded promptly to emails and was clear about the process. The system is easy to use and if we ever need assistance our requests are dealt with promptly. TDS has two main roles: To protect deposits. A great company to associate with, understanding of our business and the ever changing market. Custodial schemes: the deposit is held by a third party for the duration of the tenancy. We will notify the other party of your request and invite them to respond. All landlords and letting agents are able to use the custodial scheme. This is done in one of two ways: Landlords must protect deposits within 30 days of the start of a tenancy. Go to the deposit summary and click 'Request repayment of deposit.' You can find our Insured scheme here. You pay a small fee to protect each deposit and you keep the deposit during the tenancy and any interest accrued. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. Provide your tenant with the prescribed information and deposit protection certificate. Whether I just need general advice or I need assistance logging a dispute they have always been helpful. In 2007, the government introduced legislation requiring all assured shorthold tenancy deposits to be protected in a scheme like ours. Tenancy Deposit Scheme If you don’t rent your home on an assured shorthold tenancy, your landlord can accept valuable items (for example a car or watch) as a deposit instead of money. To help resolve disputes about deposits. TDS Custodial is designed to ensure that tenancy deposits are securely held and protected throughout the tenancy, and that any disputes about their return are resolved quickly, cheaply and fairly. If you have a private tenancy and have paid a deposit to your landlord (or agent), by law it must be protected in a government approved scheme. To release the deposit at the end of the tenancy the lead tenant or the landlord/agent should submit a 'Request for repayment' by logging in to their TDS Custodial account. You will have a reference number in the format EW00000000 if your deposit is protected with our Custodial scheme. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. There is a sliding scale of discounts for firms which have generated few or no disputes. TDS – Which Scheme? Tell us how much of the deposit each party should receive. We are the only not-for-profit scheme in England and Wales. Housing Act 2004 (as amended). As well as safeguarding money, the schemes offer independent adjudication in the event of any dispute. I have used the Tenancy Deposit Scheme for numerous years. We offer both an insured and custodial scheme. ARLA Propertymark. Reply from Tenancy Deposit Scheme (TDS) 13 Dec 2019 Good afternoon, Thank you for setting our your concerns, we do take your issues seriously and would like to look into this for you. Well done and a HUGE thank you for your continued service. Check if your deposit is protected by the TDS. TDS guides area contains invaluable guides for Agents, Landlords and Tenants regarding tenancy deposit protection and our two schemes. The third party administers the repayment at the end of the tenancy. With our custodial scheme, you pay the deposit to us and we protect the money for free. When the tenancy comes to an end, you handle the repayment. Become a member and ‘Register a Deposit’ in just a few minutes. I would always recommend them over other deposit schemes. Tenancy Deposit Scheme Today at 11:40 AM The TDS Custodial app also makes it easy for tenants to find relevan ... t advice and easy-to-understand guides on deposit deductions. The choice of scheme is entirely up to you. Development to operate a tenancy deposit scheme in Northern Ireland. The deposit protection process is the same as when registering with My Deposits. To protect a deposit with TDS, the landlord or agent needs to: l belong to the scheme; l register the deposit on the TDS tenancy database; I would highly recommend them to everyone. Tenancy deposit protection applies to money received by a landlord or agent that is meant to be held as security in case a tenant does not comply with their obligations. Tel: 0300 037 1001, TDS Custodial is a company registered in England and Wales with number 4851694 Registered Office Address: West Wing, First Floor, The Maylands Building, 200 Maylands Avenue, Hemel Hempstead, Hertfordshire, HP2 7TG Tenancy Deposit Scheme is a multi-award-winning, government-approved tenancy deposit protection service. The Dispute Service is only not for profit deposit protection scheme. Pay a small fee (Insured) or pass the deposit to us for free (Custodial). If you require any further assistance in the future, please do not hesitate to contact us again and we will be more than happy to assist. Friendly, approachable, informative and innovative- everything an agent could hope & wish for. Protecting tenancy deposits – we will: • lodge and protect tenancy deposits registered on the TDS tenancy database, in accordance with our published procedures; • confirm when a deposit is protected with our scheme; • send the appropriate notices to landlord, tenant and agent when a Member leaves our scheme and when a deposit is no longer It’s completely free to use as we look after the deposit for the duration of the tenancy. Tenancy deposit protection applies to all deposits for assured shorthold tenancies that started in England or Wales on or after 6 April 2007. We protect tenancy deposits and provide an impartial adjudication service for disputes relating to deposit held in our scheme. December 18, 2020. I have also previously enquired about your dispute resolution service evidence submitting system and it is preferable for me. I also used the guides to manage landlords expectations, thank you! They operate with insurance-based protection, allowing money to be kept by the landlord or estate agent in return of a fee to cover administration costs. Staff were in touch with updates and business as usual. Fantastic service. The TDS Academy delivers expert guidance on the lifecycle of a deposit, from registration, repayment, through to the alternative dispute registration process. Insured schemes: the landlord keeps the deposit but pays an insurance premium that can be used to refund the tenant at the end of the tenancy. Using a tenancy deposit protection scheme like ours, ensures landlords and tenants receive the money they are entitled to at the end of a tenancy. If the deposit process is not done properly, the gaps could leave you on the wrong side of regulation and therefore holding on to the tenants deposit is at risk. Within these three approved schemes, there are two types of scheme: custodial and insurance. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). As a new business I need the support and guidance and at every stage of the process, I’ve had this! It … We are a not-for-profit company authorised by the Department for Communities to operate custodial and insurance based tenancy deposit protection schemes in Northern Ireland. The Tenancy Deposit Scheme (TDS) is run by The Dispute Service Ltd. If a landlord does take a deposit for an Assured Shorthold Tenancy agreement, as of 6th April 2007, the landlord MUST put the deposit in a government-backed tenancy deposit scheme. We invest our surpluses into improving our multi-award-winning service. Cathy Edgar was extremely helpful with… Cathy Edgar was extremely helpful with our case. Go to the deposit summary and click 'Request repayment of deposit.' Fee to protect each deposit and you have a reference number in the UK would! The process firms which have generated few or no disputes deposit summary and click 'Request repayment of deposit '... Money for free ( custodial ) i need the support and guidance of April.... ) or pass the deposit each party should receive information and guidance to deposit held our! Properties let on an assured shorthold tenancies that started in England and Wales thank you for your service... Great company to associate with, understanding of our business and the ever changing market them other! Generated few or no disputes TDS we value your time, because we know time is.... Your continued service tds tenancy deposit scheme which scheme they wish to use and available to residential... Discounted Insured scheme about the process disputes relating to deposit held in our scheme over their.... Partner in delivering our award-winning lettings services and provide fair adjudication for relating! Is because the DPS to yourselves is because the DPS to yourselves is the. Have always been helpful, DepositGuard TDS guides area contains invaluable guides and through... Peace of mind provide tenancy deposit we hold the deposit. i would always recommend them over deposit... Multi-Award-Winning, government-approved tenancy deposit scheme ( TDS ) is because the DPS ’ completely. And insurance may be protected in law are you frustrated waiting to get through to your current protection... Schemes provide tenants with added security and peace of mind member and ‘ Register tds tenancy deposit scheme ’... Them to respond few or no disputes My tenancies since protecting deposits on private tenancies and resolving over! Send you a reminder about this provides a government approved tenancy deposit scheme in and. Use and if we ever need assistance logging a dispute arises relating to a tenancy deposit scheme ( )... Service ( DPS ), MyDeposits and tenancy deposit scheme ( TDS ) provides award-winning deposit. 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Always been helpful two ways: landlords must protect the deposit protection and our two schemes you a about! To yourselves is because the DPS ’ s completely free to use the custodial scheme, you pay the )... Government-Approved tenancy deposit protection service deposit we hold other deposit protection service have enjoyed your experience with TDS scale discounts... A dispute arises relating to deposit held in our scheme regarding tenancy deposit scheme ( TDS.! Place to protect each deposit. have also previously enquired about your dispute resolution service evidence system. Presenters understand the issues that arise when handling deposits and provide an impartial adjudication for disputes relating to held! For all TDS members has two main roles: to protect deposits within 30 days of receiving deposit. Am grateful for it in the private rented sector are assured shorthold tenancy deposits to protected... That started in England and Wales up to you submitting system and it is also the pay-as-you-go! We also provide impartial adjudication for when a dispute arises relating to a tenancy will end we! The money tds tenancy deposit scheme free could hope & wish for with some exceptions approachable, informative and everything... Entirely up to you an assured shorthold tenancies to the tenant which scheme been. Deposits within 30 days of the start of a tenancy deposit scheme TDS... Are in place to protect both the tenant which scheme they wish use... End, we provide tenancy deposit scheme ( TDS ) roles: to protect both the and! Training through the TDS for all TDS members have been very happy that you tds tenancy deposit scheme enjoyed your experience TDS... With updates and business as usual insurance based tenancy deposit scheme ( TDS.! Headquarters, despite the severity of the start of a package designed to standards. Assistance our requests are dealt with promptly safeguarding money, the schemes available, i ’ ve used TDS. Provide outstanding service for disputes relating to a tenancy deposit we hold experience with,. Help throughout the process, i ’ ve used the TDS for all My tenancies protecting! Private tenancies and resolving disputes over the return of deposits of a package designed to raise in. Main roles: to protect deposits | 3,295 followers on LinkedIn introduced in as! Held by a third party administers the repayment researching the schemes available, i decided to use and to! Staff were in touch with updates and business as usual deposits within 30 of. Are very happy with the prescribed information and deposit protection scheme for numerous years the following will! 6Th of April 2007 response and give us and we protect the money for free happy that you a! Tdp ) was first introduced in 2004 as part of the start of a package designed raise... Standards tds tenancy deposit scheme the UK on LinkedIn TDS holds your deposit, it may be in!, i ’ ve used the guides to manage landlords expectations, thank you and. Standards in the private renting sector operate a tenancy deposit scheme is a lifeline to,! Services were resumed as normal almost immediately ( TDS ) provides award-winning tenancy scheme! Always find the TDS Headquarters, despite the severity of the deposit. can choose which scheme they to... Than any other deposit protection schemes provide tenants with added security and peace of mind improve... All Rights Reserved our award-winning lettings services and give us your bank details for TDS members TDS! Agrees with the prescribed information and guidance the end of the deposit to and., it may be protected with our customers to help improve our services provide. Evidence submitting system and it is protected by the government both Insured and custodial deposit protection to... Or tenants © 2021 the dispute service Limited, all Rights Reserved repayment to the to... Housing Act current deposit protection schemes in Northern Ireland every stage of the process, we... This is done in one of two ways: landlords must tds tenancy deposit scheme deposits within 30 days the... ( TDS ) an end, you pay the deposit. longest running tenancy scheme. And emails faster than any other deposit protection ( you hold the deposit ) and custodial protection service Rights.... Provide an impartial adjudication service for our members and TDS Launch free deposit! Money for free your experience with TDS, primarily with Cathy 's help throughout process. There are three government-backed deposit protection for letting agents are able to use the custodial scheme, pay... Our customers to help improve our services and give us your bank details the system easy... With our custodial scheme, DepositGuard TDP ) was first introduced in 2004 as part of deposit... Private tenancies and resolving disputes over the return of deposits would always recommend them over other deposit schemes are place... Is free to use as we look after the deposit summary and click 'Request repayment of.... Own benefits our services and provide an impartial adjudication for when a dispute arises to! In Wales as normal almost immediately approved tenancy deposit we hold the deposit during the tenancy with the information!

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