Tenancy Deposit Protection (TDP)

Tenancy Deposit Protection (TDP) is a government-approved scheme that safeguards tenants’ deposits when renting a property. Landlords must place the deposit into a regulated TDP scheme within a specified timeframe, ensuring it’s held securely until the tenancy ends. This protects tenants from unfair withholding of deposits and ensures funds are returned promptly if no disputes arise. TDP schemes also provide a fair process for resolving disagreements over deposit deductions. Overall, TDP promotes transparency, security, and fairness for both tenants and landlords in the rental process.