Where a deposit is received in connection with an assured shorthold tenancy, the deposit must be protected with a government-approved tdp scheme (tenancy deposit protection scheme).
Landlord subscribers of the Guild of Residential Landlords and accredited landlords with the Private Rented Sector Accreditation Scheme can obtain a discounted rate for the Deposit Protection Service insured tenancy deposit scheme.
The DPS also provide the free-of-charge custodial option (where the scheme holds the deposit). The custodial option is the one we usually recommend.
Guild subscribers and accredited landlords can obtain preferential insured tenancy deposit scheme rates by entering our code.
You can download a suitable tenancy agreement for the DPS, which contains the prescribed information, through our Tenancy Builder (subscribers only).
