Landlords should ensure they use a legitimate tenancy deposit scheme!

Many landlords and other property professionals have recently been made aware of online sites which are offering tenancy deposit schemes, but which, unfortunately, are not government authorised.

Landlords, and agents, should be aware that if they use non-official companies to hold tenant deposits, then they are not complying with regulations and may be subject to significant fines.

The Government has awarded contracts to only three companies to run tenancy deposit protection schemes. Find out more information about these companies and the schemes at Directgov.

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