There are now new regulations regarding tenant’s deposits. If Tattersalls are managing the property this will have very little effect on you. Tattersalls are a registered agent with one of the two insured schemes, ‘Tenancy Deposit Solutions Limited’ (TDS). We will register the deposit with TDS in accordance with their terms and conditions and at the end of the tenancy Tattersalls as a stakeholder will deal with all matters and if there is an irreconcilable situation we will place the appropriate proportion with the scheme for them to adjudicate. The full Terms and Conditions regarding the protection of the deposit including the repayment process can be found at www.mydeposits.co.uk  

If you will be managing the property yourself, Tattersalls will pay the deposit to the ‘Deposit Protection Service’ DPS, (the government run scheme for landlords which is run free of charge) within 14 days of receiving it. However you will have to register with the DPS as a landlord, as we are not allowed do this on your behalf. This done by going on line and visiting their website www.depositprotection.com. Once on the site go to ‘Join the DPS’ and follow the instructions. If you experience difficulties you are welcome to come to our office and we will help you using our computers. You will then be issued with a landlord ID. Once you have this, please let us know immediately and this will allow us to transfer the deposit from our name to yours. The DPS website has all of the details of the scheme.