If you rent on an assured shorthold tenancy, your deposit must be held in a tenancy deposit protection (TDP) scheme.The landlord will retain your deposit but they must pay a protection fee to protect this deposit. Your landlord (or letting agent) is responsible for returning your deposit at the end of your tenancy.
How does it work?
- You pay your deposit to your landlord or letting agent.
- Your landlord or letting agent has 30 days to register your deposit with a government-backed scheme.
- The elected scheme should send you confirmation and relevant account details.
- When you move out, you and your landlord need to agree how much deposit will be repaid.
- If you can’t reach an agreement, you will need to notify the scheme holders for assistance.
- Once you reach an agreement, your landlord or agent will pay you the agreed amount.
- Deposit Protection Service
- Tenancy Deposit Scheme
- meet the terms of the tenancy agreement
- don’t damage the property
- pay the rent and bills