In April’s business briefing we explain what a tenancy deposit scheme (TDS) is and what a landlord\u2019s obligations are under a TDS.<\/p>\n
What is a tenancy deposit scheme?<\/strong><\/p>\n A landlord under an assured shorthold tenancy (AST) must protect a tenant\u2019s deposit by using an authorised tenancy deposit scheme (TDS) operated by an approved scheme administrator. A TDS has two main objectives:<\/p>\n A custodial TDS<\/strong> requires a landlord to pay its tenant\u2019s deposit to a scheme administrator, who holds the deposit until the tenancy ends.<\/p>\n An insurance TDS<\/strong> where the landlord retains possession of the deposit, but secures it by paying a fee and insurance premiums to the scheme administrator.<\/p>\n What are a landlord\u2019s obligations under a TDS?<\/strong><\/p>\n Within 30 days of receipt of the deposit a landlord must:<\/p>\n What sanctions are available if a landlord fails to fulfil their obligations under a TDS?<\/strong><\/p>\n For further information please contact Max Marrison.<\/p>\n","protected":false},"excerpt":{"rendered":" In April’s business briefing we explain what a tenancy deposit scheme (TDS) is and what a landlord\u2019s obligations are under a TDS. What is a tenancy deposit scheme? A landlord under an assured shorthold tenancy (AST) must protect a tenant\u2019s deposit by using an authorised tenancy deposit scheme (TDS) operated […]<\/p>\n","protected":false},"author":1,"featured_media":901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1487,1491],"tags":[561,657,1787,2014,2021],"class_list":["post-3966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-business","category-commercial-property-2","tag-commercial-property","tag-dispute-resolution","tag-legal-updates","tag-tds","tag-tenancy-deposit-schemes"],"yoast_head":"\n\n
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