The Tenancy Deposit Scheme (TDS) is designed to prevent landlords from failing to return a tenant’s deposit and also ensure landlords are not left out of pocket when a tenancy expires and a tenant abandons the property. A number of changes to the TDS came into force in April 2012:
- The period for the landlord to protect a deposit in accordance with the rules of the TDS and give prescribed information to the tenant was increased from 14 to 30 days.
- If the landlord fails to comply with the TDS, the tenant can now appy to court even if the tenancy has ended.
- The penalty for failing to comply with the TDS will now be between one and three times the deposit.