Tenancy Deposit Protection (TDP)

If you rent your property on an assured shorthold tenancy you must register your tenant’s deposit in a government-backed tenancy deposit scheme (TDP).

There are two types of scheme: a custodial scheme where you pay the deposit into the scheme and the scheme looks after it; and an insurance-based scheme where you keep the deposit but have to pay insurance to the scheme.

By law you have to give your new tenants details of where their deposit is registered. At the end of the tenancy you must follow the guidelines of the relevant scheme and any contracted terms when dealing with the return of funds or negotiation for any deductions.

More information is available at:

https://www.gov.uk/tenancy-deposit-protection/overview

Your lettings contact

Ashley Clements
Lettings Manager
lettings@hortonandgarton.co.uk

020 8819 0511