Student Landlords

mydeposits – perfect for student landlords

mydeposits is a perfect solution for landlords who rent student properties. We are designed specifically for landlords who want to keep control of the deposit rather than handing it to a third party for safekeeping.

Using mydeposits

Our members can speak directly to their tenants, make necessary deductions to the deposit and then return the agreed amount directly to the tenant without involving us or any other third party. The good news is almost 99% of all deposits protected with mydeposits are returned at the end of the tenancy with no problems. 

“I wanted to keep hold of the deposit.  I always tell my outgoing tenants that I shall bring my cheque book to the check-out process and that my intention is to repay the deposit in full at that time… Its business as usual”

Mr Graham mydeposits member since 2007.

If there is a dispute over the amount returned, you and the tenant have access to the mydeposits Alternative Dispute Resolution (ADR ) service. It’s completely free and uses impartial and professional adjudicators.  Our dispute resolution service was nominated as a finalist in the Centre for Effective Dispute Resolution’s international awards.

Tips for Student Landlords

• Make sure you protect the deposit within 30 days of receiving it from your tenant.  You can do this instantly online in the member's area of our website, 24/7. 

• Ensure both you and your tenant sign the deposit protection certificate once the deposit is protected and provide them with a copy. Also, give them a copy of the Information for Tenants leaflet. 

• Prepare a fully detailed inventory of the property, make sure both parties sign and date it and provide them with a copy of it.  This is important if there are any disputes over the deposit.

• When the tenancy comes to an end, arrange with the tenant to attend a check-out inspection of the property.