We are a not-for-profit company authorised by the Department for Communities to operate custodial and insurance based tenancy deposit protection schemes in Northern Ireland. Other schemes will not offer the same level of protection for either landlords or tenants. If the other party agrees with the request we will repay the deposit. During the traumatic event at the TDS Headquarters, despite the severity of the event services were resumed as normal almost immediately. Provide your tenant with the prescribed information and deposit protection certificate. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. The deposit legislation applies to all residential properties let on an assured shorthold tenancy after 6th of April 2007. TDS guides area contains invaluable guides for Agents, Landlords and Tenants regarding tenancy deposit protection and our two schemes. Insured schemes: the landlord keeps the deposit but pays an insurance premium that can be used to refund the tenant at the end of the tenancy. Reply from Tenancy Deposit Scheme (TDS) Good morning Rishi, Thank you very much for taking the time to leave us a review, and leaving your kind words about our service. We offer both insured and custodial deposit protection and provide fair adjudication for disputes relating to the deposits we protect. I’ve used the TDS for all my tenancies since protecting deposits with an independent organisation became law. Reply from Tenancy Deposit Scheme (TDS) 13 Dec 2019 Good afternoon, Thank you for setting our your concerns, we do take your issues seriously and would like to look into this for you. ARLA Propertymark. Tenancy Deposit Scheme ( TDS) provides award-winning tenancy deposit protection for letting agents and landlords. We answer our calls and emails faster than any other deposit protection service in England and Wales. Having a secure tenancy deposit scheme (TDS) and the collection of the deposit being managed in the right way, you secure yourself against damage to the property. As well as the peace of mind of having such a professional organisation to act as an intermediary in any end of tenancy dispute, the TDS web site provides a wealth of information, case studies and legal precedents to guide landlords through the tricky decision-making process. Staff were in touch with updates and business as usual. We are an award-winning Belfast based service, protecting deposits on private tenancies and resolving disputes over their return. We also provide invaluable guides and training through the TDS Academy. Within these three approved schemes, there are two types of scheme: custodial and insurance. I will forward your kind comments over to Cathy accordingly. Landlords who let property and take a tenants deposit, have since April 2007 had to use one of the government approved Tenancy Deposit Schemes.. We have recently warned landlords about a fake tenancy deposit scheme operating under the name of mytenancydeposit.com. I have also previously enquired about your dispute resolution service evidence submitting system and it is preferable for me. Tel: 0300 037 1001, TDS Custodial is a company registered in England and Wales with number 4851694 Registered Office Address: West Wing, First Floor, The Maylands Building, 200 Maylands Avenue, Hemel Hempstead, Hertfordshire, HP2 7TG I would highly recommend them to everyone. TDS is the longest running tenancy deposit protection scheme in the UK. As we do not know when a tenancy will end, we will not send you a reminder about this. Landlords can choose which scheme they wish to use to safeguard each deposit. The third party administers the repayment at the end of the tenancy. To protect a deposit with TDS, the landlord or agent needs to: l belong to the scheme; l register the deposit on the TDS tenancy database; Related Pages See All. When the tenancy comes to an end, you handle the repayment. Welcome to TDS Northern Ireland. You will have a reference number in the format EW00000000 if your deposit is protected with our Custodial scheme. 7 talking about this. We provide outstanding service for our members and customers. They must also inform the tenant which scheme has been used within 30 days of receiving the deposit. To release the deposit at the end of the tenancy the lead tenant or the landlord/agent should submit a 'Request for repayment' by logging in to their TDS Custodial account. In 2007, the government introduced legislation requiring all assured shorthold tenancy deposits to be protected in a scheme like ours. There is a sliding scale of discounts for firms which have generated few or no disputes. I would always recommend them over other deposit schemes. Most residential tenancies in the private rented sector are assured shorthold tenancies, with some exceptions. Landlords who let property and take a tenants deposit, have since April 2007 had to use one of the government approved Tenancy Deposit Schemes.. We have recently warned landlords about a fake tenancy deposit scheme operating under the name of mytenancydeposit.com. It … We provide tenancy deposit protection for Agents and Landlords. TDS (confusingly standing both for The Dispute Service and Tenancy Deposit Scheme) charge agents an annual flat fee which varies depending on the organisation regulating the agent and the number of tenancies registered at a specific date in the year. Friendly, approachable, informative and innovative- everything an agent could hope & wish for. NRLA members can access our discounted insured scheme, DepositGuard. Both our insured scheme and custodial schemes have their own benefits. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). The reason I changed from the DPS to yourselves is because the DPS’s Dispute Resolution Service is very poor and inconsistent. Become a TDS Northern Ireland member! Making Tenancy Deposit Protection Easy! Welcome to TDS Northern Ireland. When the tenancy ends, we handle the repayment to the tenant. Whether I just need general advice or I need assistance logging a dispute they have always been helpful. I have used the Tenancy Deposit Scheme for numerous years. After researching the schemes available, I decided to use the TDS and have been very happy with the service and professionalism. Tenancy Deposit Scheme is a government-approved, award-winning tenancy deposit protection service. Very happy with the service received so far. Join TDS Today You pay a small fee to protect each deposit and you keep the deposit during the tenancy and any interest accrued. The legislation was put forward as part of a package designed to raise standards in the private renting sector. Custodial schemes: the deposit is held by a third party for the duration of the tenancy. TDS Custodial is the hassle-free way to protect your deposit. Check if your deposit is protected by the TDS. You will have a reference number in the format 7sgjw2 if your deposit is protected with our Insured scheme. Housing Act 2004 (as amended). If there is a dispute over how much should be returned, we provide a free dispute resolution service. Protecting tenancy deposits – we will: • lodge and protect tenancy deposits registered on the TDS tenancy database, in accordance with our published procedures; • confirm when a deposit is protected with our scheme; • send the appropriate notices to landlord, tenant and agent when a Member leaves our scheme and when a deposit is no longer TDS Insured is the longest running tenancy deposit protection scheme in the UK. Go to the deposit summary and click 'Request repayment of deposit.' Tenancy deposit protection applies to money received by a landlord or agent that is meant to be held as security in case a tenant does not comply with their obligations. If your landlord or agent holds your deposit, it may be protected with our Insured scheme. We offer both insured and custodial schemes. It is also the cheapest pay-as-you-go insured tenancy deposit protection scheme in England and Wales*. Go to the deposit summary and click 'Request repayment of deposit.' Keep up the good work. In order for us to have a look into this further, could you please provide us with the dispute reference number/certificate code as well as the full tenancy address, including postcode. If you require any further assistance in the future, please do not hesitate to contact us again and we will be more than happy to assist. We are the only not-for-profit scheme in England and Wales. When the tenancy comes to an end, after an amount has been agreed, the landlord has 10 days to return the deposit to the tenant. I have had occasion to use the deductions template twice, since the excellent course I attended with you in Birmingham, and both times successfully managed to avoid dispute. Tell us how much of the deposit each party should receive. The Tenancy Deposit Scheme (TDS) is run by The Dispute Service Ltd. You choose between Insured Protection (you hold the deposit) and Custodial Protection (we hold the deposit). TDS Insured is the longest running insured deposit protection scheme … Reply from Tenancy Deposit Scheme (TDS) Good afternoon Matt, Thank you very much for taking the time to leave us a review. The schemes offer a faster, cheaper and fairer way of settling any disputes over the return of deposits. This will include how to confidently understand which deposit issues may already be resolved and what kinds of evidence you can prepare to save time and be more efficient should there be a dispute at the end of the tenancy. Tenancy deposit schemes are in place to protect both the tenant and the landlord. TDS – Which Scheme? Press Release: The RLA and TDS Launch Free Tenancy Deposit Option: DepositGuard Custodial . Always time well spent. Guides are free for all TDS members and TDS Academy Courses are discounted for TDS members. We protect tenancy deposits and provide an impartial adjudication service for disputes relating to deposit held in our scheme. 1.1 TDS Custodial is a custodial tenancy deposit protection scheme authorised by the government. I always find the TDS webinars interesting and informative. I have used TDS since it’s inception and still find it the best of the deposit providers. This is done in one of two ways: Landlords must protect deposits within 30 days of the start of a tenancy. There are three government-backed deposit protection schemes: Deposit Protection Service (DPS), MyDeposits and Tenancy Deposit Scheme (TDS). All landlords and letting agents are able to use the custodial scheme. © 2021 The Dispute Service Limited, All Rights Reserved. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. The presenters understand the issues that arise when handling deposits and communicate the information in a professional and knowledgeable manner. To help resolve disputes about deposits. Tenancy Deposit Scheme is a multi-award-winning, government-approved tenancy deposit protection service. Tenancy Deposit Scheme. This allows us to work closely with our customers to help improve our services and provide relevant information and guidance. Development to operate a tenancy deposit scheme in Northern Ireland. We also provide impartial adjudication for when a dispute arises relating to a tenancy deposit we hold. TDS is the longest running provider of deposit protection. You can find our Insured scheme here. Kind regards, Phoebe MARIA 2 reviews. A valuable affiliation for us, that we clearly benefit from. All landlords and letting agents are able to use the custodial scheme. Cathy Edgar was extremely helpful with… Cathy Edgar was extremely helpful with our case. Well done and a HUGE thank you for your continued service. They operate with insurance-based protection, allowing money to be kept by the landlord or estate agent in return of a fee to cover administration costs. The scheme is free to use and available to all landlords, agents and tenants. TDS – Which Scheme? Tenancy Deposit Scheme If you don’t rent your home on an assured shorthold tenancy, your landlord can accept valuable items (for example a car or watch) as a deposit instead of money. 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