Terminology Explained

Tenancy deposit protection

As from 6 April 2007 any landlord taking a monetary deposit must safeguard it by participating through membership in a tenancy deposit scheme. There are two types of scheme available – a custodial scheme which holds the deposit, or insured schemes whereby the landlord retains the deposit but pays an insurance premium. Both approaches include dispute resolution arrangements.

Until deposits have been safeguarded by a scheme, landlords are unable to regain possession of the property using usual 'notice only grounds'.

Thank You for your interest in Just4Let. We have attempted to put together some explanations for words or abbreviations you may hear from time to time to assist you in understanding the Tenant and Landlord procedures. If you cannot find an answer to your specific question here then please contact our team by telephone on 0845 257 43 44or e-mail info@just4let.co.uk.

We will answer your Question at the first opportunity and your question and the answer will appear here at a later date.

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