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. Landlords can choose which scheme they wish to use to safeguard each deposit. 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. Development to operate a tenancy deposit scheme in Northern Ireland. Tenancy deposit protection applies to all deposits for assured shorthold tenancies that started in England or Wales on or after 6 April 2007. If TDS holds your deposit it is protected using our custodial scheme and the following information will apply. 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. Welcome to TDS Northern Ireland. We offer an insured or a custodial protection service. 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. TDS is a not-for-profit organisation which provides a government approved tenancy deposit protection scheme for England and Wales. Pay a small fee (Insured) or pass the deposit to us for free (Custodial). If your landlord or agent holds your deposit, it may be protected with our Insured scheme. 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. You pay a small fee to protect each deposit and you keep the deposit during the tenancy and any interest accrued. Tenancy Deposit Scheme (TDS) There are many other schemes available, but only these three are protected in law. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. Fantastic service. © 2021 The Dispute Service Limited, All Rights Reserved. TDS Tenancy Deposit Protection. We provide outstanding service for our members and customers. 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. 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. 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 offer both insured and custodial schemes. Tenancy Deposit Scheme ( TDS) provides award-winning tenancy deposit protection for letting agents and landlords. With our custodial scheme, you pay the deposit to us and we protect the money for free. In 2007, the government introduced legislation requiring all assured shorthold tenancy deposits to be protected in a scheme like ours. Choose between insured or custodial scheme, Pay a small fee (insured) or transfer the deposit to us for free (custodial). All landlords and letting agents are able to use the custodial scheme. We are very happy that you have enjoyed your experience with TDS. 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. 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. Very happy with the service received so far. The Dispute Service is only not for profit deposit protection scheme. We provide tenancy deposit protection for Agents and Landlords. Most privately rented residential properties use assured shorthold tenancies. Most residential tenancies in the private rented sector are assured shorthold tenancies, with some exceptions. TDS is the longest running provider of deposit protection. We invest our surpluses into improving our multi-award-winning service. 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. Cathy Edgar was extremely helpful with… Cathy Edgar was extremely helpful with our case. Related Pages See All. 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. It is an insurance- backed tenancy deposit protection scheme authorised by the government. We offer both insured and custodial schemes. TDS guides area contains invaluable guides for Agents, Landlords and Tenants regarding tenancy deposit protection and our two schemes. Go to the deposit summary and click 'Request repayment of deposit.' 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; If the other party agrees with the request we will repay the deposit. 7 talking about this. Both our insured scheme and custodial schemes have their own benefits. 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. 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. The presenters understand the issues that arise when handling deposits and communicate the information in a professional and knowledgeable manner. With both Custodial and Insured options, we have your deposits covered. TDS is the longest running tenancy deposit protection scheme in the UK. To help resolve disputes about deposits. The TDS Academy delivers expert guidance on the lifecycle of a deposit, from registration, repayment, through to the alternative dispute registration process. Well done and a HUGE thank you for your continued service. If there is a dispute over how much should be returned, we provide a free dispute resolution service. 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. This allows us to work closely with our customers to help improve our services and provide relevant information and guidance. They must also inform the tenant which scheme has been used within 30 days of receiving the deposit. Tenancy Deposit Scheme is a government-approved, award-winning tenancy deposit protection service. TDS are a critical partner in delivering our award-winning lettings services and give us and our consumers incredible support. I have used the Tenancy Deposit Scheme for numerous years. She responded promptly to emails and was clear about the process. TDS is the only tenancy deposit protection scheme with an office in Wales. The above failings lead me to have a look at the reviews on Trust Pilot and you have a better feedback score. GB. 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. A great company to associate with, understanding of our business and the ever changing market. It’s completely free to use as we look after the deposit for the duration of the tenancy. The Tenancy Deposit Scheme (TDS) is run by The Dispute Service Ltd. 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. ARLA Propertymark. During the traumatic event at the TDS Headquarters, despite the severity of the event services were resumed as normal almost immediately. Tenancy deposit schemes are in place to protect both the tenant and the landlord. Keep up the good work. I always find the TDS webinars interesting and informative. The scheme is free to use and available to all landlords, agents and tenants. 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. © 2021 The Dispute Service Limited, All Rights Reserved. NRLA members can access our discounted insured scheme, DepositGuard. It is also the cheapest pay-as-you-go insured tenancy deposit protection scheme in England and Wales*. Staff were in touch with updates and business as usual. The third party administers the repayment at the end of the tenancy. Whether I just need general advice or I need assistance logging a dispute they have always been helpful. Scheme authorised by You will have a reference number in the format EW00000000 if your deposit is protected with our Custodial scheme. 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. Within these three approved schemes, there are two types of scheme: custodial and insurance. TDS – Which Scheme? It … I will forward your kind comments over to Cathy accordingly. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of April 2007. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. 1.1 TDS Custodial is a custodial tenancy deposit protection scheme authorised by the government. 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. December 18, 2020. 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. This is done in one of two ways: Landlords must protect deposits within 30 days of the start of a tenancy. I would always recommend them over other deposit schemes. 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. A valuable affiliation for us, that we clearly benefit from. Tenancy Deposit Scheme is a lifeline to tenants, and I am grateful for it. We are the only not-for-profit scheme in England and Wales. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. 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. Friendly, approachable, informative and innovative- everything an agent could hope & wish for. 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. The deposit protection process is the same as when registering with My Deposits. Tenancy Deposit Scheme. We will notify the other party of your request and invite them to respond. 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! 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. 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. The schemes offer a faster, cheaper and fairer way of settling any disputes over the return of deposits. You can find our Insured scheme here. We answer our calls and emails faster than any other deposit protection service in England and Wales. 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 There is a sliding scale of discounts for firms which have generated few or no disputes. When the tenancy comes to an end, you handle the repayment. Press Release: The RLA and TDS Launch Free Tenancy Deposit Option: DepositGuard Custodial . Provide your tenant with the prescribed information and deposit protection certificate. As well as safeguarding money, the schemes offer independent adjudication in the event of any dispute. TDS – Which Scheme? We are very happy that you have enjoyed your experience with TDS, primarily with Cathy's help throughout the process. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. The choice of scheme is entirely up to you. We offer both an insured and custodial scheme. Always time well spent. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). Guides are free for all TDS members and TDS Academy Courses are discounted for TDS members. Welcome to TDS Northern Ireland. You need to login and submit your request or response and give us your bank details. Check if your deposit is protected by the TDS. Other schemes will not offer the same level of protection for either landlords or tenants. Join TDS Today The Residential Landlords Association (RLA) and Tenancy Deposit Scheme (TDS) have joined forces once again to create a free, custodial... 23rd October 2019 All landlords and letting agents are able to use the custodial scheme. 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. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of … Reply from Tenancy Deposit Scheme (TDS) Dear Prashant, Thank you very much for taking the time to leave us a review. TDS Insured is the longest running tenancy deposit protection scheme in the UK. After researching the schemes available, I decided to use the TDS and have been very happy with the service and professionalism. Become a TDS Custodial member! Go to the deposit summary and click 'Request repayment of deposit.' We provide tenancy deposit protection for Agents and Landlords. As we do not know when a tenancy will end, we will not send you a reminder about this. Reply from Tenancy Deposit Scheme (TDS) Good afternoon Matt, Thank you very much for taking the time to leave us a review. TDS has two main roles: To protect deposits. Become a TDS Northern Ireland member! TDS - Tenancy Deposit Scheme | 3,295 followers on LinkedIn. 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. Tell us how much of the deposit each party should receive. Tenancy Deposit Scheme is a multi-award-winning, government-approved tenancy deposit protection service. 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. With our custodial scheme, you pay the deposit to us and we protect the money for free. I’ve used the TDS for all my tenancies since protecting deposits with an independent organisation became law. Kind regards, Phoebe MARIA 2 reviews. In the custodial scheme, your deposit will not be repaid automatically, even if your landlord has told us there are no deductions. I have used TDS since it’s inception and still find it the best of the deposit providers. We are very happy that you have enjoyed your experience with TDS. Custodial TDP schemes . 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. 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