Compulsory tenancy deposit protection in Scotland

The first compulsory tenancy deposit protection scheme has been approved by the Scottish Government.

The Letting Protection Service Scotland is a spin-off from the Deposit Protection Service which already operates in England and Wales.

Two further schemes are being considered by the Scottish Government, with the aim of starting all three from July 2, although legal requirements to put deposits into a scheme do not come into effect until November.

All the Scottish schemes, unlike in England and Wales, must be ‘custodial’ ones, where tenants’ money is physically banked. Insurance-backed schemes are not allowed.

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The Residential Landlords Association (RLA) represents the interests of landlords in the private rented sector (PRS) across England and Wales. With over 23,000 subscribing members, and an additional 16,000 registered guests who engage regularly with the association, we are the leading voice of private landlords. Combined, they manage almost half a million properties.

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