Landlords must protect tenant deposits in a TDP scheme (DPS, MyDeposits or TDS) within 30 days of receipt. Non-compliance attracts penalties of 1–3× the deposit and blocks Section 21 use.
Legal term
Tenancy Deposit Scheme
Government-backed schemes that hold tenant deposits.
Related legal terms
More from this category
Next Step
Need this concept applied to a specific deal?
Book a 20-minute call. We'll work through the term as it applies to your situation and the live opportunities it affects.
Book a Free Consultation