Tenancy Deposit Schemes
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Latest property news
Down but not out: TDS wins accolade from Sunday Times
It hasn’t been a great few weeks for tenancy deposit scheme TDS after its HQ was ravaged by a major fire, but the organisation has now received some good news. The Sunday Times has voted the company into its Top 100 Best Not for Profit Organisations list, placing it at No.63 ahead of several august organisations including the Chartered Management Institute, Chester Zoo and the Salvation Army. TDS, which is the only not-for-profit government-backed provider of tenancy deposit protection in England and Wales, is currently looking for new premises after its Hemel Hempstead HQ was gutted after being engulfed fire in early January. “We’re incredibly proud to have been named in the Sunday Times 100 best not-for-profit companies to work for,” says TDS CEO Steve Harriott (pictured, above). “The award is a culmination of our colleagues’ hard work and determination. Each of our [them] is aware of the positive attitudes that we aim to develop across the whole company [and] maintaining TDS’ position as the leading tenancy deposit scheme in the UK. “As a not-for-profit, we believe strongly in reinvesting in the company, our services to landlords, agents and tenants, our colleagues, and the wider community.” The list, which includes…
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Features
Ten years of tenancy deposit protection
Steve Harriott, Chief Executive of TDS, looks back at ten years of tenancy deposit protection schemes, saying that the PRS is definitely better now.
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Features
Investigation: How are the tenancy deposit schemes performing?
Nigel Lewis talks to letting agents about their experience using tenancy deposit schemes and looks at a recently launched alternative.
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Latest property news
Tenancy deposit deadline day
Letting agents and property managers are being encouraged to urge landlords to check that their tenants’ deposits have been stored in a Government-protected scheme by the close of play today (Tuesday 23rd June) or they could be liable to pay the occupants of their property compensation. The deadline, which was imposed as part of the Deregulation Act, will impact on landlords who have existing tenancies that commenced before Tenancy Deposit Protection (TDP) was introduced in England and Wales in April 2007. Landlords and agents who still hold a deposit on a tenancy that started prior to 6th April 2007 and then rolled into a Statutory Periodic Tenancy (SPT) on or after that date must protect the deposit and serve the prescribed information by today to prevent being fined. For deposits taken before the 6thApril 2007 and where the tenancy became periodic prior to this date, landlords and agents are not required to protect the deposit however, they will not be able to serve a section 21 notice to regain possession of the property unless the deposit is protected with a tenancy deposit scheme. This new legislation is viewed upon as “another positive step towards raising standards in the professional lettings…
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