The Tenancy Deposit Scheme is a scheme designed to safeguard Tenants Deposits by placing them with a third party. The regulations can be viewed here.
The Scheme launch date is the 2nd July 2012
We are using SafeDeposits Scotland
Any Tenancy Deposit accepted by an Agent/Landlord will have to be deposited into the approved scheme. The Deposit will then be kept by the scheme administrator. Landlord Registration Numbers are required for submission, if you have not registered then please do so immediately at LandLord Registration Scotland
You will be asked for the Agents Registration Number – in our case it is:
The simple answer is YES.
No, there will be no charge to Agents/Landlords in relation to the operation of the Tenancy Deposit Scheme.
Yes Landlords can view the Scheme’s Terms and Conditions on the Scottish Government Website. SafeDeposits Scotland is a Company Limited by Guarantee (registered number 405020) whose registered offices are at 95 Bothwell Street, Glasgow, G2 7SU.
At the end of the Tenancy an application can be made specifying the amount to be withheld from the Deposit. The Tenant will be notified of the application and given 30 days to respond, either to agree the application or dispute the calculations. If the tenant fails to respond the monies due to the Landlord are transferred.
Any dispute over the calculation of a deposit can be referred to an independent Adjudicator who will then make the decision. If the Landlord is unhappy with the decision he/she can request a review by another Adjudicator however any decision carried out following this review will be final.
No. The decision of the Adjudicator following the review will be final. There is no provision in the Regulations for the Agent/Landlord to appeal to the Court.
The Landlord has no recourse through the Courts. The Tenant has a right to raise an action in the Sheriff Court if a Landlord has not complied with his/her duties under the Regulations. Such an application must be made no later than 3 months after the tenancy has ended.
Get our guide to the Tenancy Deposit Scheme as a PDF.