I have written quite a few posts involving the DPS on Landlord Law over the years since the scheme went live. I thought in the leadup to my interview with Kevin Firth (DPS Director) next week on tenancy deposits, it might be interesting to look back at some of them. Lets start off with a…
How safe is your tenancy deposit? Basically if it is protected in a scheme it is safe, if it is not protected, it may not be. From 7 April 2007 all tenancy deposits for assured shorthold tenancies have to be protected in a government authorised tenancy deposit scheme. There are three tenancy deposit schemes: The…
First Guest – Kevin Firth of the DPS A new initiative for the new year is my podcast series. I’m hoping to do one per month and I have some great guests lined up for you. To tell you a bit more (and to practice with the audio equipment) I have done a short audio…
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 thank you…
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…
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…
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What is the Deposit Protection Service?
Introducing the DPS The Deposit Protection Service (DPS) is one of the three tenancy deposit protection companies set up by the government to protect tenants deposits. The DPS is the only ‘custodial’ scheme, and is completely free to use. However unlike the paid for ‘insurance based’ schemes, the deposit money has to be physically handed…