Financial
Tenancy Deposit Protection
A legal requirement for landlords to protect tenancy deposits in a government-approved scheme within 30 days. Three approved schemes: DPS (custodial), MyDeposits (custodial/insured), and TDS (custodial/insured). Prescribed information about the protection must be served to the tenant. Failure to comply can result in penalties of 1-3 times the deposit amount.
Disclaimer: This guide is for general information purposes only and does not constitute legal advice. RightHold is a compliance tracking tool, not a law firm. For advice specific to your situation, consult a qualified solicitor.
Stay compliant with confidence
RightHold tracks every compliance requirement automatically so you never miss a deadline.
14-day free trial. No credit card required. Cancel anytime.