In accordance with Housing (Tenancy Deposit Schemes) Order 2007, from 6 April 2007 all deposits taken for assured shorthold tenancies by managing agents and landlords in England and Wales must be protected by a tenancy deposit protection scheme which safeguards deposits for the duration of a tenancy and offers resolution should disputes arise.

RICS has published information advising members on what steps they should take including details of the various schemes available.

A frequently asked questions page has also been prepared which will be reviewed and updated on a regular basis.

The best source for keeping up to date on developments  is the Department for Communities and Local Government Tenancy Deposit Protection’s website.

Further informaton from RICS Library
Tenancy deposit protection brings together key sources including websites, legislation and journal articles.

Hot Topics on the Housing Act 2004 and key provisions of the Act are also available.

For a full list of Hot Topics visit www.rics.org/hottopics