A short blog to highlight to readers that TDS and the Residential Landlords Association have created a fourth tenancy deposit scheme with price structures that are targeted at private landlords. The scheme is called Deposit Guard and the scheme will not charge an annual subscription fee or joining fee. For more information click here.
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hello@painsmith.co.uk
Registered Address:
PainSmith Solicitors,
1 Mansfield Business Park,
Station Approach,
Lymington Bottom Road,
Medstead,
Hampshire
GU34 5PZ
PainSmith Solicitors,
1 Mansfield Business Park,
Station Approach,
Lymington Bottom Road,
Medstead,
Hampshire
GU34 5PZ
2 Comments
There is no joining fee for Deposit Guard but you have to be a member of RLA which costs £75 to join. Therefore, unless you’re already a member of RLA it’s not really any cheaper to register a single deposit than using My Deposits (in fact it’s more expensive if you’re deposit is under £300). Having said that, you do receive additional benefits by being a member of RLA.
It’s good for landlords to have another option though.
DepositGuard is the special discount option RLA members.
Non RLA members can still join TDS for Landlords at a slightly higher price, but also with no joining fee and protection for the life of the tenancy instead of an annual renewal arrangement.