A Landlord's Guide to Deposits and Tenancy Protection
A tenancy deposit, sometimes called a security deposit, is a landlord's insurance against damage, loss of rent or cleaning bills. Landlords must, by law, place their tenants' deposit in a tenancy deposit protection (TDP) scheme within 30 days of receiving it if the property is rented out on an assured shorthold tenancy. Rentguard tells you everything you need to know about deposits and tenancy protection.