Tenancy Deposits


Legislation

Legislation introduced on 6th April 2007 ensures that all deposits taken from tenants under an Assured Shorthold Tenancy Agreement are being held against possible damage to a property or non-payment of rent, are covered by a Tenancy Deposit Protection Scheme.

Choice Lettings is a member of The Deposit Protection Services and all deposits received are forwarded and held by The Deposit Protection Service. 

In the event there is an unresolved issue over the allocation of a deposit, it can be referred to the scheme for a free independent third party adjudication, which will provide a resolution fair to the Landlord and Tenant. If you would like further information on this you can find this at http://www.depositprotection.com