Tenancy Deposit Scheme (TDS)
As from 6th April 2007, landlords and letting agents are required to register details of all new assured shorthold tenancies, both at their beginning and end. This protects the tenant’s deposit through a Government-backed Tenancy Deposit Scheme.
Chamberlains Estates are members of The Tenancy Deposit Scheme. We will register our Landlords with the scheme, the tenant will lodge the deposit with Chamberlains Estates. We will hold the deposit in a separate client account and notify the Scheme Administrator that we have the deposit and that it should be protected.
At the end of the tenancy Chamberlains Estates and the tenant will agree what happens to the deposit. If the tenant and agent cannot agree terms we will refer the matter to the Scheme Administrator (TDS). When the dispute is resolved, the lodged money will be repaid to Chamberlains Estates and tenant in accordance with agreement, dispute resolution, or court order.
If the agent fails to lodge the disputed amount with the Scheme Administrator (TDS), insurance arrangements will ensure the return of the disputed amount to the tenant when they are entitled to it, and recover the amount from the agent.
- Chamberlains Estates are part of the Propertymark – Client Money Protection
- Chamberlains Estates are members of ARLA Propertymark, NAEA Propertymark, The Property Ombudsman and the Approved Code, trading standards UK.
- We hold a comprehensive Professional Indemnity Insurance policy as members of Propertymark
- All our Client accounts are annually audited by Chartered Accountants to comply with the requirements of Propertymark.
- Read the Client Money Protection Scheme Rules of Conduct
- View our Propertymark Client Money Protection Certificate