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Deposit protection scheme

What types of scheme are there?

There are two types of deposit protection scheme:

  • insurance-based schemes - where the landlord keeps the deposit but pays a fee to the scheme provider to insure the deposit
  • custodial schemes - where the deposit is paid into the scheme

Under certain circumstances, we are able to offer a bond that is a deposit-free alternative with no initial transfer of monies, but guarantees the landlord up to five weeks of damage costs should there be agreed dilapidation at the end of the tenancy.

Last modified on 22 September 2023

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