The inventory is a means by which Landlords and Managing Agents can
protect their investment, providing an accurate & unbiased safeguard in
the event of a dispute.
It is the responsibility of the Landlord/Agent to notify the tenant of their
respective scheme within thirty-days of the deposit retention.
All three schemes use adjudicators to effect binding decisions on the return of
any disputed deposit monies/amounts.
The Tenancy Deposit Scheme
Introduced in 2007, for all short-hold tenancies in England & Wales, the
‘tenant’s deposit’ is protected by the three following government approved
deposit protection schemes:-
The Deposit Protection Scheme - Custodial
The Tenancy Deposit Scheme - Insurance Backed
My Deposits - Insurance Backed