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Insurance Protection = you hold the deposit
Designed for landlords and agents who prefer to keep hold of the deposit.
You hold the deposit in your bank account for the duration of the tenancy.
(Agents must use a segregated account)
Open to all landlords and agents.
How it works:
Benefits at a glance
- You hold the deposit for the tenancy duration
- You have the freedom to resolve any issues directly with your tenant
- We are here to help with any formal disputes
- Free Dispute Resolution
How it works
Once you have received the deposit from your tenant you have:
- 14 days to protect it with a scheme
- 28 days to pass key information to the tenant.
Beware: Penalties apply
A tenant can report a landlord/agent to the local council if they fail to protect, and/or provide key information within the specified time limits.
Councils have the power to issue fixed penalties.