Tenancy Deposit Scheme membership withdrawn from Unregulated Letting Agents

At the insistence of their insurers, The Tenancy Deposit Scheme will only provide deposit protection and alternative dispute resolution to letting agents who are members of recognised professional bodies.

From April 6, only regulated letting agents and corporate and individual landlords will be covered by the Tenancy Deposit Scheme and cover will be withdrawn from unregulated agents. Tenants are advised to ensure their landlords have made alternative arrangements to safeguard deposits as soon as possible.

The Tenancy Deposit Scheme is writing to all its members who are unregulated agents, and to current tenants whose tenancy is shown to have been arranged through an unregulated agent, to inform them.

5th January 2009

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