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Tenancy deposit schemes

In November 2006 three companies were awarded contracts by the UK government to run tenancy deposit schemes:

  • The Tenancy Deposit Scheme (TDS), an insurance-backed scheme.
  • Mydeposits, an insurance-backed scheme.
  • The Deposit Protection Service (The DPS), a custodial scheme.

What could happen if you don't use a scheme

If you don’t protect tenants deposits under one of these schemes, you could be liable to pay back three times the cost of the deposit.

A court may also decide that your tenant won’t have to leave the property when the tenancy ends if you haven’t used a tenancy deposit scheme when you should have.

Read more on deposit schemes on the GOV.UK website  

Contacts

  • Private Sector Housing Team
  • Environmental Health
    Barnet House, 1255 High Road,
    Whetstone, London N20 0EJ
  •  
  • Tel: 020 8359 7995
  • Email: housingconditions@barnet.gov.uk

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