This option enables the landlord or letting agent to keep hold of the tenancy deposit for the duration of the tenancy.
They must pay a protection fee to mydeposits Northern Ireland within the first 14 days of receiving it. Information about the deposit protection must be given to the tenant within 28 days of receipt of the deposit.
The main benefit for all parties is that the deposit can be returned quickly at the end of tenancy, without any involvement from us. We are here to help if there is a dispute over proposed deductions to the deposit.