and also pay a protection fee that lets you hold the deposit in your bank account. Letting Protection Service Scotland; What will happen to my deposit? The landlord could be ordered to pay compensation worth up to three times the amount of the deposit on top. Good practice in managing deposits can help avoid these problems. mydeposits Scotland, Borehamwood. 216 likes. Your landlord must register your deposit within 30 working days from the beginning of the tenancy with one of the available three schemes: Letting Protection Scotland; My Deposits Scotland; Safe Deposits Scotland A tenancy deposit scheme is where your deposit will be held for the length of your tenancy. You have the ability to Renew an existing tenant where you have issued a new AST without the need to re-enter all the tenancy details. If this is how you protect deposits login here. mydeposits Scotland, Borehamwood. The three tenancy deposit schemes are: my|deposits Scotland; SafeDeposits Scotland; Letting Protection Service Scotland; If the deposit isn’t held in an approved tenancy deposit scheme, you can take civil legal action to get it back. There are three tenancy deposit scheme providers to choose from in Scotland: Letting Protection Service Scotland; Safe Deposits Scotland; my|deposits Scotland Once your new tenant has paid the deposit for the property, you have to lodge it with a tenancy deposit scheme within 30 working days of the tenancy starting. There are three tenancy deposit schemes in Scotland: the Letting Protection Service Scotland, Safedeposits Scotland and My|deposits Scotland.. Ian Langley, Director of Operations, my|deposits Scotland shares his thoughts on TDP in Scotland. my|deposits, which already runs a successful scheme in England and Wales, is bidding to start a deposit scheme for landlords – my|deposits Scotland. Subject to approval, the scheme will operate within regulations set out by the Scottish Government, and be completely free … Find out about our professional deposit protection services for landlords, letting agents, businesses and tenants in the private rental sector. Deposit Protections that have passed their AST End Date that require action are now clearly highlighted. Having now met face to face with almost 500 landlords, solicitors and agents, I felt it timely to share some of the main issues that have been coming up… There will be no cost involved for the tenant with registering your deposit with a tenancy deposit scheme. mydeposits is a leading tenancy deposit protection scheme provider, authorised by the UK Government. Your landlord has to register your deposit within 30 working days from the beginning of the tenancy with one of the available schemes. Our custodial scheme means that you joined mydeposits for free and transfer the deposit money to us to hold. COVID-19. Every landlord or letting agent that receives a deposit in Scotland must register with their local authority and join a tenancy deposit scheme. 214 likes. ©2012 my|deposits Scotland is the trading name of Tenancy Deposits (Scotland) Limited. The my|deposits Scotland TDP workshops have so far been a great success. A deposit is a payment taken from the tenant at the beginning of the tenancy. my|deposits Scotland is administered by mydeposits.co.uk & Hamilton Fraser Insurance, proud holders of the Investors in People standard. my|deposits Scotland is a government-licensed scheme offering tenancy deposit protection in Scotland. You can now filter and sort your deposit protection history. The Tenancy Deposit Schemes (Scotland) Regulations 2011 came into force on 7 March 2011. What is a deposit? Sign up today and benefit from our industry leading advice. What is Custodial? my|deposits Scotland is a government-licensed scheme offering tenancy deposit protection in Scotland. 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