Letting solution .co.uk
TENANCY DEPOSIT SERVICE (TDS)
With the new regulations in place from Spring 2007 the government has put in place a safeguard for Tenants deposits. Tenants can now feel protected from the rouge Landlord or unregulated agent that may make totally unreasonable deductions from their deposit.
The TDS is formed from the coming together of NAEA, ARLA and RICS to provide a safe environment for the Tenants deposit by ensuring that the agent has proven professional track record of dealing with client funds.
The TDS provides the ideal safety net for Landlords and Tenants by means of a swift and concise arbitration service in the event of dispute over deductions from the deposit at the end of the Tenancy.
Please find more information on TDS website
