Sentences with phrase «approved deposit scheme»

Not exact matches

There are three approved schemes: a custodial scheme, where tenants pay landlords and landlords pay the deposits into the scheme, run by the Deposit Protection Service, which is free to landlords and letting agents; and two insurance schemes, where tenants pay deposits to landlords which they or agents retain with either paying a premium to an insurer to guarantee the money, run respectively by Tenancy Deposit Solutions Ltd — a partnership between the National Landlords Association and Hamilton Fraser Insurance — and the Dispute Service.

In both cases, if a deposit has been paid by the Tenant, the Landlord is required to show that the deposit is held in one of the approved schemes before the Court can entertain any application.