This Practice note explains Tenancy Deposit Schemes (TDSs), which became compulsory for all residential assured shorthold tenancies (ASTs) created on or after 6 April 2007.
TDSs were created under the Housing Act 2004 and are intended to prevent a landlord from failing to return a tenant's deposit and to ensure a landlord is not left out of pocket when a tenancy expires and a tenant abandons the property.
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