Kevin Firth, my Notable Property Person today, is Director of the Deposit Protection Service, one of the three Government authorised tenancy deposit companies. He has been really helpful in answering questions when I have raised points put by readers of this blog, and is a very human face of a large company. So [...]
Tag Archive: DPS
Hidden benefits of using the DPS
I have discussed this situation before, but am prompted to write about it again, as a result of the recent experience one of my Landlord Law members.
He tells me that he arranged for a letting agent to protect the deposit, which they did with My Deposits. He then went away travelling for a year. While he was away, [...]
Tenancy deposits schemes – High Court Decision
As has already been announced on the PainSmith blog and on Nearly Legal, there is now, finally, a binding decision (for now) on tenancy deposits and the vexed question of when the award of three times the depost sum can be made to the tenant. Whether it is a decision that we like is another [...]
Tenancy Deposits – Lettings Today get answers from the CLG
There is a very interesting post over on the Estate Agent Today news web-site.
It seems that back in November 2009 they asked a number of questions of the Communities and Local Government (CLG) department (whose remit covers the tenancy deposit scheme) about the workings of the scheme. After two reminders and three months later, the [...]
Over 8,000 tenants fail to claim their deposits says DPS
After all the complaints made by and on behalf of tenants regarding landlord failures to return deposits to tenants, it is ironic that the DPS in a recent report, states that over 8,000 deposits remain with them, unclaimed by their owners. The DPS, remember, is the tenancy deposit scheme where the deposit money is actually [...]
Tenancy Deposit Protection – arbitrations and inventories
I have recieved an interesting e-circular from the Deposit Protection Service. It is essentially correcting a circular they sent earlier to dissociate themselves from a company. However apparently they also said in that earlier circular:
“The DPS would recommend landlords obtain an independent Inventory because one conducted by a landlord or agent would not be [...]
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Tenancy Deposit Scheme charges – an update
Tenancy Deposit Scheme
As everyone involved in the private rented sector should be aware, tenancy deposits taken for assured shorthold tenancies now need to be protected with a government approved tenancy deposit scheme. All schemes are required to provide a free arbitration service, in the event of a dispute regarding deductions from the deposit at the [...]
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