Is my deposit protected under the TDPS Tenancy Deposit Protection Scheme rules effective from 6 April 2007?
When you reserve a house if we consider it necessary to protect our interests we may in rare instances require you to pay a ‘holding deposit’ – this is not protected under the TDPS. In the unlikely event we consider it necessary to hold a deposit then once you sign a contract with Leydon Lettings this deposit if linked to an AST (Assured Shorthold Tenancy) it (any AST deposit) is converted into a refundable security deposit protected under the scheme. Advanced rent is not the same as a deposit because deposits are returnable whereas rent is not since it is consumed in exchange for your accommodation.
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