Tenancy Deposit Scheme Member
TDS is an insurance-based deposit and dispute resolution scheme. From April 2009, TDS is limiting membership to landlords and letting agents who belong to a professional body which requires its members to take client money protection insurance. The deposit must be held by a landlord residing, or an agent established, in the UK.
A fee is payable to insure the scheme against any misappropriation of the deposit. The scheme is supported by a dedicated call centre and an independent dispute resolution service. For more information, visit www.tds.gb.com or call 0845 226 7837.