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Tenancy Deposit Scheme

Tenancy Deposit Scheme

What is the TDS Tenancy deposit scheme?

The tenancy deposit scheme came into effect on the 6th April 2007 all deposits taken from an Assured short hold tenancy (AST) after this date must be covered by the scheme.

The scheme encourages tenants and Landlords to make a clear agreement from the start of the tenancy on the contents and the condition of the property. This is done by providing a detailed inventory and a schedule of condition at the start and at the end of the tenancy. This should be checked by a Professional Independent person such as an Inventory Clerk. This then ensures that the report is impartial and unbiased and provides peace of mind for the Landlord and the tenant.

In the event that there is a dispute at the end of the tenancy and to avoid going to court each scheme will be supported by an alternative dispute resolution service aiming to make disputes quick and cheap to resolve.

Who are running the schemes?

The tenancy deposit scheme (TDS)

IIt is an Insurance packaged insurance protection dispute resolution scheme run by the dispute service. It has been established for over 6 years to provide dispute resolution and complaints handling within the lettings sector including a voluntary deposit scheme for regulated agents within TDS. It is designed for letting agents to continue to hold the deposits Landlords can also join the scheme to if they so wish. To find out more www.tds.gb.com

The Deposit Protection Service (DPS)

The only custodial deposit protection scheme it is completely free to use and available to all professional Landlords and letting agents. The service is funded entirely from the interest that is earned from deposits held. Landlords and letting agents will be able to register and make transactions on line. The scheme will be supported by a dedicated call handling centre and an independent dispute resolution service. To find out more www.depositprotection.com

Tenancy Deposit Solutions Ltd (TDSL)

The scheme works with Hamilton Fraser Insurance company and National Inventory Clerks Association (NLA). The scheme has been running since 2006 and is designed as an Insurance Based Tenancy Deposit Protection Scheme specifically designed to enable Landlords and agents to hold deposits themselves. Another option that they have is a custodial scheme requiring the landlord to hand over the deposit to the scheme administrator. To find out more www.mydeposits.co.uk

  • Testimonials

    I have been using Inventory Clerks 4 U for over 6 months now and I am writing to say that your services have been of exceptional standard and quality. I have been very impressed with your professionalism and the way Inventory Clerks 4 U operates. I would gladly recommend your services.
    Ashley Groves - Aspire - Battersea

     

    We have always found Inventory Clerks 4 U so very helpful and able to accommodate our ‘last minute’ cry for help. We look forward to continuing to doing business with Inventory Clerks 4 U now and in the future.
    Kim Flatt - Henry & James - Belgravia

     

    A very professional outfit, and an extension to what we do. Very good quality inventories that are accurate with great attention to detail. We are very pleased with their inventories.
    Lizzie Young - Bodens - Chelsea

     

    Warren and Co have been working with Inventory Clerks 4 U for the past 6 months and have been delighted with the result. They are quick to respond, diligent and totally reliable which is a refreshing change. I would have no hesitation in recommending Inventory Clerks 4 U whatsoever.
    Matthew Macmillan - Warren & Co. - Putney

     

    We have been working with Inventory Clerks 4 U for some time now and are extremely satisfied with the level of service received and the speed at which reports are produced. We have found them to be extremely professional. Several pictures are taken and keys are documented in accurate and concise reports. They have been a pleasure to work with.
    Eike Feltz (Director) - Colours Residential - Fulham

     

    Barnard Marcus have been using Inventory Clerks 4 U since August 2009 and have found Sascha Brodie to be very enthusiastic, approachable and easy to get hold of. We have found the service provided to be very good and are looking forward to extending our relationship with Inventory Clerks 4 U.
    Helen Phillips (Lettings Project Manager) - Barnard Marcus (Connells and Sequence ) - London

     

    I found the inventory to be extremely thorough and detailed. I was particularly impressed with the professional service and the quick turn around in carrying out the inventory. The report was clear and well presented and arrived within 24 hours.
    Richard Anderson - Private Landlord - Pimlico

     

    I recently used Inventory Clerks 4 U and I have to say that I was very impressed with the accuracy of the report and the professional way it was handled. I will definitely use them again.
    Elizabeth Morley - Private Landlord - Surrey

     

    Thank you for carrying out the inventory and for providing the very comprehensive report.
    Jane Cowley - Private Landlord - Putney

     

    The check-in and check-out Inventory of our flat whilst we were abroad was carried out at a very high standard. The reporting and accurate detailing of all items could not be faulted. We would certainly commission Inventory Clerks 4 U again.
    Chris Banks - Private Landlord - Parsons Green

     

    I used Inventory Clerks 4 U recently on a rental flat I have in London and I found the report to be very detailed. I will certainly use them again.
    Issy Rees – Areilza - Private Landlord - Fulham

     

    I have been using Inventory clerks 4 u for sometime now and I have found them to provide excellent detailed check in reports on all of my flats to date – well done Inventory clerks 4 u
    Marcus Day - Private Landlord - Clapham

     

    The reports are fantastic clearly layout and easy to read. A very professional report I will be using your company for all of my portfolio
    Richard Kendall - Private Landlord - Sheen

     

    A great inventory report – detailed and emailed to me within 48 hours can’t get better than that.
    Sarah Richardson - Private Landlord - Southfields

     

    A great job well done – fantastic detailed report. Beatie for the report and it was a delight to meet you too.
    Sam Reynolds - Private Landlord - Reading - Berkshire

     

    Many thanks for all your brilliant hard work. Extremely professional. We are so grateful - and will certainly recommend you to anyone I know in need of an inventory report doing in the future.
    Sam Matthers - Private Landlord - Epsom - Surrey

     

    We are extremely happy with the level of service from Inventory Clerks 4 U to date.
    We have been using Inventory Clerks 4 u for over a year and found them to be reliable. The reports are concise and detailed and turned around within 48 hours.
    We have found them to be the best in the business and happy to recommend them to any of our landlords.
    Farrar Jodi Rowlands

     

    We are extremely happy with the service Inventory Clerks 4 U have offered over the last year. The standard of their reports are exceptional. They are always very efficient and helpful often going above and beyond the call of duty.
    I would recommend Inventory Clerks 4 u without hesitation to any of our landlords safe in the knowledge that the service they will receive will be of a very high standard.
    Farleys and Co - Lizzie Bowen Lettings Manager

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