Tenancy Deposit Scheme definition
Examples of Tenancy Deposit Scheme in a sentence
The Landlord’s Agent is a member of the Tenancy Deposit Scheme (TDS Insured) operated by The Dispute Service (TDS) and will provide full details of the Tenancy to the TDS within thirty days of the Deposit being taken - The terms and conditions and Alternative Dispute Resolution Rules governing the protection of the Deposit including the repayment process can be found on the TDS website.
If the landlord and tenant cannot agree, the tenant can ask the Tenancy Deposit Scheme which holds their deposit to use their dispute resolution process.
The Deposit Holder is the person, firm or Company who holds the deposit and is a member of a Tenancy Deposit Scheme.
The Tenancy Deposit Scheme is open to landlords and letting agents offering residential property for rent.
If the Tenant forms more than one person each of the persons forming the Tenant agrees with the other that any one of them may consent on behalf of all the other persons forming the Tenant to use alternative dispute resolution through the Tenancy Deposit Scheme (“TDS”) or its successor or assignee to deal with any dispute about the Deposit at the end of the Tenancy or earlier termination of it.
Failure to prepare a proper inventory will prejudice any deposit repayment claim with an approved Tenancy Deposit Scheme.
The Deposit to be held by the Landlord’s Agent as Stakeholder; the Landlord’s Agent is a Member of the Tenancy Deposit Scheme (TDS Insured) (“TDSL”) operated by The Dispute Service Ltd.
At the end of the Tenancy covered by the Tenancy Deposit Scheme if there is no dispute we will keep any amounts agreed as deductions where expenditure has been incurred on behalf of the Landlord, or repay the whole or the balance of the Deposit according to the conditions of the Tenancy Agreement with the Landlord and the Tenant.
The holder of the Deposit will register the Deposit with and provide other required information to the Tenancy Deposit Scheme within 30 days of the commencement of the Tenancy or the taking of the Deposit whichever is earlier, and provide proof to the Tenant of compliance.
Further details are set out in The Tenancy Deposit Scheme Rules for the Independent Resolution of Tenancy Deposit Disputes at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.