Tenancy deposit protection schemes
From 6 April 2007, all deposits (for rent up to £25,000 per year) taken by landlords and letting agents for Assured Shorthold Tenancies in England and Wales, must be protected by a tenancy deposit protection scheme.
What are tenancy deposit protection schemes?
There are two types of tenancy deposit protection scheme available for landlords and letting agents (insurance-based schemes and custodial schemes). All schemes provide a free dispute resolution service.
For further information (for both landlords and tenants) visit the DirectGov website.