Deposit Protection

Deposit Protection

Did you know…

By law, if you pay a deposit to your landlord or letting agent then they must protect it in a government-authorised tenancy deposit protection scheme. It applies to all landlords and agents in England and Wales who have an Assured Short hold Tenancy (AST ) agreement (the contract) with their tenant.

It was introduced to ensure that you are able to get your deposit back from your landlord or agent when you move out.

At The Accommodation Shop we register every deposit with mydeposits when you sign your Tenancy Agreement. This protects your deposit with a third party for the duration of your tenancy and enables you to recover your deposit when you move out.

mydeposits is a government-authorised tenancy deposit protection scheme. It is designed to enable landlords and letting agents to take and hold a deposit for the duration of the tenancy.

mydeposits has successfully protected more than a million deposits. Over 80,000 landlords use us, and we are the preferred choice for many large and small letting agents.