Helpful Tips Opinion Tenancy Management

#ExpertView, RLA Chairman Alan Ward on DepositGuard Custodial

Alan Ward
Written by Alan Ward

The RLA has always understood the challenges faced by landlords and is proactive in doing all it can to support members with the tools they need to do the right thing.

Therefore, the RLA and TDS have joined forces once again to create a free, custodial tenancy deposit option for RLA landlords called DepositGuard Custodial. 

Tenancy deposit protection offers peace of mind for both landlords and tenants, which is one of the reasons why we introduced DepositGuard Insured for RLA members in 2012 – and why we’ve now added to that scheme with the launch of DepositGuard Custodial.

DepositGuard Custodial differs to the Insured scheme in that the deposit is held by the Tenancy Deposit Scheme (TDS) as opposed to the landlord holding the deposit.  Of course, if the landlord prefers to hold the deposit themselves, they still can under the Insured scheme – and being an RLA member means that they can still benefit from the lowest rates for landlords on the market too.

With the DepositGuard Custodial scheme, however, there is no cost to pay at all.  It’s a free option that offers the same award-winning TDS Customer service as using Deposit Guard Insured with some additional key unique features that you won’t find anywhere else such as our exclusive online evidence portal.

It’s all about choice and convenience.

As Steve Harriott, CEO of TDS explained, “DepositGuard Custodial and Deposit Guard Indured mean so that it is now really easy  for RLA landlords to keep all of their deposit protection needs under one roof.”

We want to give RLA landlord members access to the very best tenancy deposit protection with the UKs leading TDP scheme.  As the only not-for-profit, government-approved scheme in the UK, TDS, offers an excellent standard of support with award-winning customer service and user-friendly technological solutions that make life a great deal easier for landlords.

Discover more about the benefits of using the TDS Custodial tenancy deposit scheme here.

About the author

Alan Ward

Alan Ward

Alan is the Chairman of the RLA. He has been a landlord and property developer in the PRS since 1993, became a founding director in 1998, and has been the RLA chairman since 2008.

He believes the PRS provides an essential service to the nation with little recognition for its economic contribution. He says regulation is pointless without effective enforcement, and that requires an intelligence-lead approach to target the criminals.

He has faith in the well-meaning majority of landlords to self-regulate. He despises the criminals and frauds who disproportionately concentrate the minds of those in Westminster and town halls.

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