Your Deposit
So, it used to be
that as a tenant, once the deposit was paid on your lovely new rental abode you
could pretty much say goodbye to it and simply write it off as another one of
life’s hidden expenses.
However, since the
introduction of the Tenancy Deposit Scheme or the TDS in 2007 (I feel like this
should be accompanied by some uplifting music, maybe Wagner or Neil Diamond)
such worries have been banished into the ether.
The scheme was set
up to try and make the lettings process a lot more transparent and fair. In the
old days, the dastardly landlord (often twiddling their villainous moustache)
would snatch your money into their top pocket like one may expect a baddy to in
an old black and white film.
Authorised by the
government (imagine the government dressed all in white; lots of linen and
open-toed sandals), these Tenancy Deposit Schemes are designed to secure a
tenant’s deposit, and only allowing deductions to be made at the end of a
tenancy based on reason and impartiality.
But how do they
work I hear you cry in a desperate chorus of wonton despair. Okay, okay, I’ll
look at them in more detail on the information pages.
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