After some excellent feedback from members on our DepositGuard service, the Tenancy Deposit Scheme and the RLA have worked to make the administration of your tenant’s deposits easier!
From 1st April 2013 the service will change so you:
- No longer have to update your tenancy deposit information for when the tenant decides to continue onto a periodic tenancy.
- No longer have to include mandatory clauses in tenancy agreements; these will change to ‘suggested clauses’. If you do wish to make changes, ensure your agreements still adequately cover how the deposit will be repaid and what the deposit can be used for.
- No longer have to contact TDS by email if you wish to end your deposit protection – you will be able to end protections via your member page.
This will reduce your administration and remove any risk of you forgetting to update the status on our records or include specific terms in your tenancy agreements.
Other changes to the scheme’s rules
- The 10 day time limit for notifying tenants of deductions has been removed.
- The TDS are now required to use their best endeavours to notify tenants when deposit protection ends. So you must ensure contact details are in full.
- The time limit for raising a dispute is now 3 months in all cases.
- The TDS has no jurisdiction to adjudicate if the tenant does not give consent.