Are you facing trouble of deposit protection? All landlords, letting agents and tenants are provided with free to use service – The Deposit Protection Service. It is a custodial tenancy deposit protection scheme that is approved by the government. Deposit protection is a safe, secure and straightforward service. It contains several innovative features with which it becomes easier for its new users such as landlords and tenants. Landlords, letting agents and tenants need to register with Deposit Protection Service at Depositprotection.com to make transactions online. DPS is a way of defending tenant deposits and landlord rights.
Government wants to increase standards in the lettings industry and makes sure unbiased treatment of tenants at the end of the tenancy so it introduces the Tenancy Deposit Protection. Agents/Landlords are promoted to set up tenancies properly with the use of formal tenancy agreements, condition reports, inventories and other required certification by this service. Deposit Protection deposits agents/landlords’ rental deposit into safe account so that they and their tenants can keep track of funds and easily get them back at the right time through a tenant account number.
Landlords, letting agents and tenants can view their deposits and submit tenant deposits at any time as this service is available 24/7. Landlords and agents can also update details for properties and tenants, request the repayment of a deposit at the end of a tenancy, and make inquiries online. A self-governing and free Alternative Dispute Resolution (ADR) service will determine any arguments rapidly and without the requirement for court action. Computershare Investor Services Plc is a worldwide business with over ten-year deposit protection experience and it manages the DPS.
Landlords, agents and tenants can apply either jointly or independently for the refund of a deposit to the suitable parties at the end of a tenancy, online or by calling at DPS. When one-party appeals to a repayment, and another party is agreed with the proposal then other party must verify it by completing an acceptance form – either online or by post. It is a safety system for both the landlord and tenant. If you have problems between landlord and tenant, then you can visit its dispute resolution center.
If you want to protect your deposit, then you need to register with this service. Visit www.depositprotection.com, click on “register online now” option, and enter your username, password, your personal information, security and required information to complete the form, and submit it. An activation email will be sent to you. Now, you can submit deposits to be protected by The DPS. You can register by calling at 0844 4727 000 and speaking to one of its call handlers. Existing users need to click on “log in now” option, and enter the required information to access at DPS. Agent/Landlord needs to enter email address and password to login at DPS. Tenants need to enter Deposit ID and repayment ID to login.