If you’re a landlord, it is your responsibility to ensure your tenant’s deposit is protected in a government approved scheme. The Tenancy Deposit Schemes (Scotland) Regulations state that any deposit received before the 2nd October 2012 (but on or after the 7th March 2011) must be protected by the 13th November 2012.
If you use a letting agent to help manage your properties, make sure you check that they are complying with the regulations and protecting the deposits. If a deposit is not protected the tenant can apply to the courts for up to three times the deposit amount – so it’s important to make sure this deadline is met!
If you are unsure when your tenant’s deposit needs to be protected, you can use our compliance calculator which will work it out for you.
If you would like to speak to someone about deposit protection and the effect of the regulations, our Regional Manager Anthony Cox is available to discuss the regulations, your responsibilities and our scheme. For more information, take a look at our website and FAQ pages.