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TDS

The Government's Tenancy Deposit Scheme (TDS) came into force on 6 April 2007. From this date all deposits taken by landlords for Assured Shorthold Tenancies (AST) in England and Wales must now, by law, be protected by a tenancy deposit protection scheme. Whilst it is not law for a deposit to actually be taken, whenever one is taken, tenants are to be advised of the details of the scheme selected by the landlord (or agent) when signing a new tenancy agreement.

Existing tenancies (those which commenced before 6 April 2007) are not affected, nor are periodic tenancies which run on after that date. However, a tenancy that commenced prior to 6 April 2007, but is renewed after that date whereby a new AST agreement is signed, will be affected.

Three companies have been contracted by the Government to run schemes. They are:

The Deposit Protection Service (DPS)

Tenancy Deposit Solutions (TDSL)

The Dispute Service (TDS)

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