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Do you take a deposit from your tenants?

Yes? Then you must protect it in a government-authorised scheme, such as mydeposits.

  • You hold the deposit for the duration of the tenancy,
  • You have the freedom to resolve any issues directly with your tenant,
  • We are here to help with any formal disputes.

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Control the deposit

mydeposits is designed specifically for landlords who want to keep hold of the deposit, rather than handing it over to a third party. This means you can:

  • Make any deductions to the deposit if you need to at the end of the tenancy,
  • Discuss issues directly with your tenant, without having to involve us,
  • Use our free, impartial dispute resolution service if you and your tenant cannot agree on the deposit amount to be returned.

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Our members view:

“I like to be able to manage the money myself and have more control over the deposits. I can return the deposit to the tenants quickly at the end of their stay which they appreciate.”

Shay Popat mydeposits member since 2008.

 

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Did you know...

By law if you take a deposit from your tenant on an Assured Shorthold Tenancy agreement in England and Wales, you must protect that deposit with a government-authorised tenancy deposit protection scheme, within 30 days of receiving it.

mydeposits: service you can trust...

  • Over a million tenant deposits successfully protected.
  • Over 80,000 landlord members, and growing
  • An award nominated dispute resolution service
  • A simple and easy to use online service
  • 30,000 tenant deposits protected every month
How it Works, See our step by step guide
Your Legal Responsibilities Explained
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News

Let Your Property TV launches

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Hamilton Fraser signs up to Investors in People

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my|deposits in the Evening Standard

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More time to protect your tenant’s deposits

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Tenancy Deposit Protection – The Future is Safe

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Press Releases

A behind the scenes look at deposit disputes

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Landlords given more time to protect deposits

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Deposit Protection a step closer for Scotland

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