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The Tenancy Deposit Scheme (TDS) My Deposits; Deposit Protection Service (DPS) The Custodial schemes are free to use and the landlord or letting agents can simply pay the deposit online or over the phone. The money is held in a bank account by the Scheme and transferred directly to the tenant once both parties agree on the total sum of money to ...
The Scottish Housing Minister, Keith Brown, estimated that up to 11,000 tenants each year have had their deposit wrongly retained by their landlord or letting agent. The tenancy deposit schemes approved by the government means that any deposit dispute between tenant and landlord can be referred to an independent dispute resolution service.
A damage deposit or deposit is a sum of money paid in relation to a rented item to ensure it is returned in good condition. They are particularly common in relation to rented accommodation , where they may also be referred to as a tenancy deposit , bond deposit , [ 1 ] or bond .
Related titles should be described in Tenancy deposit scheme, while unrelated titles should be moved to Tenancy deposit scheme (disambiguation). Tenancy deposit scheme may refer to: Tenancy deposit scheme (England and Wales)
Finally, it provides the legal framework for tenancy deposit schemes, which are intended to ensure good practice regarding deposits in assured shorthold tenancies and make dispute resolution relating to them easier. The Act introduced the Housing health and safety rating system (HHSRS). [3]
New Zealand announced the Crown Retail Deposit Guarantee Scheme, an opt-in scheme for retail deposits, on 12 October 2008. [68] An extension to the scheme was announced on 25 August 2009 and the scheme ran until 31 December 2011. [69] From 1 January 2012 bank deposits in New Zealand are not protected by the Government.
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In Japan, reikin (礼金, literally, "gratitude money") is a mandatory payment to the landlord that is often the same amount as the original deposit (shikikin).However, reikin can be the equivalent of six months (or more) of rent, but is typically the same as one to three months of rent.