About the authorOur sister company, my|deposits, is a government-authorised tenancy deposit protection scheme. It is designed to enable landlords and letting agents to take and hold a deposit for the duration of the tenancy.
my|deposits have successfully protected more than a million deposits since 2007 and over 60,000 landlords use them. They are also the preferred choice for many large and small letting agents.
By law, if you take a deposit from your tenant on an AST agreement in England and Wales, you must protect it with a government-authorised tenancy deposit protection scheme.
my|deposits is the only government-authorised scheme designed specifically for landlords who want to keep hold of their tenant’s deposit for the duration of the tenancy, rather than handing it over to a third party for safekeeping.
Over 60,000 landlords already use mydeposits. Join:
- You hold the deposit in your bank account,
- You can make deductions to the deposit if you need to,
- You have the freedom to resolve matters with your tenant directly,
- We are here to help with any formal disputes.
View more posts by my | deposits
Hamilton Fraser Insurance, administrators and 50% shareholder of tenancy deposit protection (TDP) scheme my|deposits, has been given government approval to operate a custodial based scheme in England and Wales from April 2016. Read more >
If you would like to avoid a formal deposit dispute with your tenant, take a look at our top tips here. Why should you negotiate? If there is a breach in the tenancy agreement and you need to propose deductions to your tenants deposit to remedy any issues which may have occurred... Read more >
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