Tag Archive: DPS

Landlords out of pocket for deposits – DPS may be best after all!

A report published in The Times today highlights the growing problem of landlords having to pay up for deposits, when agents go bust. Under the two ‘insurance based’ tenancy deposit schemes (MyDeposits and the Tenancy Deposit Scheme run by the Dispute Service) if the agent deals with the deposit on behalf of the landlord, the…

Complaints against the DPS – the governments response

There has been quite a bit of discussion below about problems a few landlords have had with arbitration’s carried out for the DPS, in particular relating to evidence not being passed over to the adjudicator. One of my landlord members had a similar problem, and she wrote to the Department of Communities and Local Government…

Complaints about the DPS

The DPS teacosy

Despite the comments made in my previous post on complaints about the DPS, I have received a few further emails and blog comments outlining further problems with the DPS service. In one of my comments to this post, I mention the complaints procedure which is referred to in the FAQ on the DPS web-site. However…

DPS open to all landlords

The DPS teacosy

Having seen comments on forums about the Deposit Protection Service refusing to accept deposits from landlords, for example if the money is paid over more than 14 days after it is paid to them (putting them in default of the scheme, unable to evict tenants under s21, and vulnerable to being sued for the ‘fine’…

Landlords credit checks and happy tenants – two surveys

The DPS teacosy

I have recently been given information about two surveys in the private rented sector. First survey – credit checks The first survey is perhaps the more serious of the two. The Letting Protection Service have commissioned a survey of 1,389 private landlords which shows that most landlords do not carry out proper checks before letting…

The Deposit Protection Service – problems answered

The DPS teacosy

Since the tenancy deposit protection regulations came into force in April 2007 I have done quite a few blog entries on this subject, and there have been many comments from landlords and tenants. Some of these have been highly critical of the company running the custodial scheme, The Deposit Protection Service (DPS). In view of…

Tenancy Deposit Protection – 62% failure

I read a news items on the Deposit Protection Service website today which reported a survey showing that 62% of private landlords are flouting the tenancy deposit rules, and not protecting their tenants deposits. If this report is true, and I suspect it probably is, or at least very near the truth, then this means…