Acorn Lettings lodge all deposits held by the company with the Deposit Protection Service. Please refer to the Leaflet and our Terms and Conditions of business relating to the New Legislation regarding the holding of Tenants deposits.
About the DPS
The Deposit Protection Service (The DPS) is open to all landlords and letting agents. All funds are secured with UK Government approved banks, so for safe, secure and straightforward deposit protection, the DPS is ideal.
Landlords and letting agents can access online accounts 24/7 and submit deposits in minutes, allowing them to concentrate on doing business, not admin. The DPS is the only Government-authorised custodial scheme that is free to use. All funds are ring fenced in accordance with client money regulations. The DPS is open to all private landlords and letting agents, with no pre-conditions to meet or assessments to take. An independent and free Alternative Dispute Resolution (ADR) service will aim to resolve any disputes quickly and without the need for court action. Landlords, agents and tenants could also earn interest on any proportion of the deposit they are entitled to retain at the end of a tenancy. The DPS is managed by Computershare Investor Services Plc, a global business with more than ten years’ deposit protection experience.
In addition to protecting Deposits within fourteen days of receipt, Landlords/ Lettings Agents must ensure that they comply with The Housing (Tenancy Deposits) (Prescribed Information) Order 2007.
Click on pdf logos
A tenants guide to the DPS
Aa overview of
The DPS guide
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for further information
01206 762 138