All three schemes offer a free dispute resolution service if the landlord and tenant cannot agree over the amount of deposit to be returned at the end of the tenancy.
All members must have read the Scheme Rules and agree to abide by them before becoming a my|deposits member. The Scheme Rules set out the terms and conditions of your membership.
You will not be able to protect deposits until mydeposits provides confirmation of Membership by email or by post.
No. Only landlords that permanently reside in the UK and can supply a registered UK postal address are eligible to join. We do accept Landlords that are temporarily living abroad for business purposes or members of the Armed Forces who are stationed on short stay foreign assignments.
If you breach any terms of your membership, we are required to formally contact you. Our insurers will not allow our members to supply PO Box or C/O addresses as they do not provide a guarantee that formal contact has been made or attempted. It could also disguise that the landlord is not resident in the UK.
A Company Landlord is one that owns the property in the name of a company, e.g. Michael Smith Properties Limited. We consider a Company to be any legal entity such as a Public or Private Limited Company, Partnership or Limited Liability Partnership.
If you wish to protect deposits taken on properties both in your own name and a company name, you need to set up separate memberships.