Landlords
What does it cost?
Joining Fee |
Deposit Protection Fee (per tenancy agreement) |
||
| Deposit | Protect by phone | Protect online | |
£57.50 |
Up to £300 | £29.36 | £17.12* |
| Over £300 | £29.36 | £29.36 | |
* mydeposits lite
Save £12.24 for every deposit protected up to £300*
If you take a deposit from your tenant of less than £300, you can now protect the deposit for just £17.12.
Members of the National Landlords Association (NLA) can join mydeposits for just £10 until
1 November 2010. They will also receive a further discount of £4 per deposit for their first four deposit protections - see the NLA website for details.
mydeposits is a "pay-as-you-go" scheme.
- Deposit Protection Fee for each tenancy deposit
that you protect. This will protect the deposit for the duration of the tenancy agreement, however long that might be. - For a Joint & Several Tenancy Agreement, you only pay one Deposit Protection Fee to cover the whole deposit.
- All fees are payable by credit or debit card – we do not provide credit account facilities.
- All fees are tax deductible and include VAT.
- Discounts are available for members of the National Landlords Association and some other professional organisations.
- The annual membership renewal fee of £14.70 has been waived every year for all Landlord members.
- Disputes: if the Landlord and Tenant disagree about how much of the deposit should be returned. mydeposits offers a free and impartial Dispute Resolution service.
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