There are 3 companies that the Government has awarded contracts to run tenancy deposit protection schemes:

The Tenancy Protection Service DPS

The DPS is the only custodial deposit protection scheme, is free to use and open to all Landlords and Letting Agents. The service is funded entirely from the interest earned from deposits held. Landlords and Letting Agents will be able to register and make transactions online. Paper forms will also be available should internet access be an issue. The scheme will be supported by a dedicated call centre and an independent dispute resolution service.

The Tenancy Deposit Solutions Ltd. TDSL

TDSL is a partnership between the National Landlords Association and Hamilton Fraser Insurance. This insurance-based tenancy deposit protection scheme enables landlords, either directly or through agents, to hold deposits. Letting agents can also join the scheme.

The Tenancy Deposit Scheme TDS

TDS is an insurance-backed deposit protection and dispute resolution scheme run by The Dispute Service that builds on a scheme established in 2003 to provide dispute resolution and complaints handling for the lettings industry. The new scheme enables letting agents and landlords to hold deposits.

We have added the link to our Useful Contacts page as well.

Source: directgov.co.uk

This entry was posted on Tuesday, June 24th, 2008 at 4:42 am and is filed under For Tenant, Letters & Forms. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.