The TDS Scheme
How the TDS Scheme works?
The tenant pays the Letting agent their deposit.
The Letting agent pays the money in to the TDS scheme within 14 days of receiving it.
Upon receipt of the deposit, the TDS provides confirmation and details of the protection scheme to the Letting agent who will then pass details on to the Landlord and Tenant.
When the tenancy comes to an end, the letting agent/landlord and tenant agree repayment of the deposit including any interest accrued, usually within 10 days.
Your deposit cannot be used to pay your rent.
About the Tenancy Deposit Scheme
The Tenancy Deposit Scheme (TDS) is a government approved tenancy deposit protection scheme in England and Wales operated by The Dispute Service Ltd.
The Housing Act 2004 requires landlords and letting agents to protect deposits on assured shorthold tenancies in a scheme such as ours. We provide insurance backed tenancy deposit protection with free, impartial dispute resolution for when disagreements arise over how the money is divided.