Tenancy Deposit scheme - information for landlords
If you rent a home to a private tenant, you can ask them to pay a deposit. Under the Tenancy Deposit Scheme, a landlord must protect their tenant's money in an approved scheme.
A landlord can ask a tenant to pay a deposit at the start of a private tenancy. This money is for:
- protection against damage to the property
- unpaid rent
- Tenancy deposit scheme
Tenancy Deposit Scheme Providers
Any deposit given to a private landlord or a letting agent must be protected in an approved Tenancy Deposit Scheme. All deposits must be held in special bank accounts, regulated by the Financial Conduct Authority, to make sure the deposit is safe in case the scheme fails.
The appointed two approved scheme administrators are: