Advice for landlords

Rent deposit scheme information for landlords

As a landlord you must put your deposit in a government-backed Tenancy Deposit Scheme (TDP) if you rent your home on an assured shorthold tenancy that started after 6 April 2007. In England and Wales the deposit can be registered with:

You can accept valuable items (eg a car or watch) as a deposit instead of money, but they won't be protected by a scheme.

They make sure your tenants get the deposit back if they:

  • meet the terms of the tenancy agreement
  • don't damage the property
  • pay the rent and bills

You must put the deposit in the scheme within 30 days of getting it.

At the end of a tenancy you must return the deposit within 10 days of you both agreeing how much will be returned.

If you're in a dispute with your tenant, then the deposit will be protected in the TDP scheme until the issue is sorted out.

Holding deposits

You don't have to protect a holding deposit (money paid to 'hold' a property before an agreement is signed). Once the tenancy is agreed, the holding deposit becomes a deposit, which must be protected.

Deposits made by a third party

You must use a TDP scheme even if the deposit is paid by someone else, eg a rent deposit scheme or your tenants' parents.