The Residential Landlords Association (RLA) and Tenancy Deposit Scheme (TDS) have joined forces once again to create a free, custodial tenancy deposit option exclusively for RLA landlords called DepositGuard Custodial. This new option joins the current DepositGuard Insured to give RLA members further choice with government-approved tenancy deposit protection.
“The Residential Landlords Association has always understood the challenges faced by landlords and is proactive in doing all it can to support members with the tools they need to do the right thing,” explained Alan Ward, Chair of the RLA.
“Tenancy deposit protection (TDP) offers peace of mind for both landlords, letting agents and tenants, which is one of the reasons why we introduced DepositGuard Insured for RLA members in 2012 – and why we’ve now added to that scheme with the launch of DepositGuard Custodial. We want to give RLA landlord members access to the very best tenancy deposit protection options with the award-winning TDS.”
DepositGuard Custodial differs to the Insured scheme in that the deposit is held by TDS as opposed to the landlord holding the deposit. As a free scheme, there is no cost to pay and it still includes the same award-winning TDS customer service as DepositGuard Insured.
To save landlords time, the scheme offers seamless integration with members’ RLA accounts, which means that member landlords can access their deposits via their account without having to login separately.
As the only not-for-profit, government-approved scheme in the UK, TDS provides unique, user-friendly technological solutions, such as the exclusive online evidence portal, which is also included with DepositGuard Custodial to make life easier for landlords.
If the landlord prefers to hold the deposit themselves, they still can under DepositGuard Insured – and being an RLA member means they will still benefit from the lowest rates for landlords on the market too.
Steve Harriott, CEO of TDS explained, “It’s all about choice and convenience. DepositGuard Insured, and the launch of DepositGuard Custodial, mean that it is now really easy for RLA landlords to keep all of their deposit protection needs under one roof.”
Further information about the DepositGuard Custodial tenancy deposit option can be found here/.