Deposits: Protection for you and your Tenants
This Wednesday was the deadline for all Scottish private landlords to place their tenants’ deposits in a registered scheme.
In England and Wales all landlords have had to register their deposits in a scheme for a number of years now as deposits are extremely important to both tenants and landlords, as for tenants it secures them their property, while for landlords it protects their business.
Here we look at the basics of deposits and why protection schemes have been put into place throughout the UK: