Tenancy Deposit Scheme

The Tenancy Deposit Scheme (TDS) is a government-backed initiative in the UK designed to protect tenants' deposits when renting a property. When a tenant pays a deposit, landlords must safeguard it through an approved scheme. This ensures that tenants get their deposit back at the end of their tenancy, provided they meet the terms of their rental agreement, such as keeping the property in good condition. If there are disputes over deductions from the deposit, the TDS also provides a fair resolution process, promoting transparency and trust between landlords and tenants.