Deposit protection scheme

There are two types of deposit protection scheme:

• insurance-based schemes - where the landlord keeps the deposit but pays a fee to the scheme provider to insure the deposit
• custodial schemes - where the deposit is paid into the scheme

Under certain circumstances, we are able to offer a bond that is a deposit-free alternative with no initial transfer of monies, but guarantees the landlord up to five weeks of damage costs should there be agreed dilapidation at the end of the tenancy.