All deposits taken by landlords and letting agents under a Standard Contract in England and Wales, Scotland, and Northern Ireland must now be protected by a deposit protection scheme. To avoid any disputes going to court, each scheme is supported by an alternative dispute resolution service (ADR).
Landlords and letting agents can choose between two types of scheme; a single custodial scheme and two insurance-based schemes.
We currently use The DPS to protect the deposits for all our managed properties. More information about The DPS an be found here.