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Why does a landlord join a tenancy deposit scheme?

Updated: 8/20/2019
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10y ago

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A landlord joins a tenancy deposit scheme because, under the United Kingdom Housing Act of 2004, all landlords who take deposits for assured tenancy must join a tenancy deposit scheme. This acts as a safeguard in case the tenant damages any property; it also keeps disputes between landlords out of the courts.

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