TDS Update

Steve Harriott

Chief Executive

Reminder: What you must do

 Comply with our ‘initial requirements’ by registering the deposit  Serve

Prescribed Information and a scheme leaflet

(including at renewal)

The penalties

  

Return the deposit Fine

of between 1 & 3 times the deposit Be

unable to use

a Section 21 notice

Who went wrong?

Nice Swindells Old Superstrike

Superstrike explained Deposit taken before April 2007 Fixed term ended in 2008 and a statutory periodic tenancy arose The deposit was not protected It was determined that it should have been protected

In the Superstrike scenario?

Protect the deposit now

If you haven’t served PI for a historic renewed tenancy, you have three options

Do nothing Issue the PI now Protect & serve PI before you issue a section 21

A fine may be unavoidable if the tenant takes matters to court

( see detailed guidance on the TDS blog )

Myth busting…

“ I heard I need to ‘reprotect’ the deposit for each new fixed term and end protection for the old deposit because of Superstrike ”

What’s new?

New evidence portal New Prescribed Information Template Membership renewed on 1 April – make sure you’ve paid!

No changes to rules, scheme leaflet or ‘B’ clauses

Useful info!

@tenancydeposits Tenancy Deposit Scheme TDS Member Agents Tenancy Deposit Scheme