Insurance backed Sample Clauses

Insurance backed this is where the landlord or agent holds the deposit during the tenancy but must give it to the scheme at the end of the tenancy if there is a dispute. The scheme is insured because this guarantees that the tenants will always get the money back to which they are entitled. Each deposit scheme has its own rules setting out in detail how it operates. The TDS Rules are available from the TDS website and on request. These are contained in sections 212 to 215 of, and Schedule 10 to, the Housing ▇▇▇ ▇▇▇▇ (as amended). Tenancy deposit protection applies to money received by a landlord or agent that is meant to be held as security in case a tenant does not comply with their obligations. The landlord or agent must comply with the initial requirements of an authorised tenancy deposit protection scheme within 30 days of receiving the deposit. To protect a deposit with TDS, the landlord or agent needs to belong to the scheme, register the deposit on the TDS tenancy database, pay a membership subscription or deposit protection charge. A TDS Member (landlord or agent) must also give the tenant ‘prescribed information’. The information is set out in the Housing (Tenancy Deposits (Prescribed Information) Order 2007. It must also be given to anyone who paid the deposit on the tenant’s behalf. The prescribed information includes: the contact details of the landlord and tenant, the rented property’s address, the deposit amount & this leaflet. The landlord or agent must also specify which tenancy agreement clauses say how the deposit can be used. Tenants must be given the opportunity to check any document the landlord provides containing prescribed information and sign it to confirm the information is accurate. Tenants can check if their deposit is registered with TDS by visiting ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. If tenants have received a Tenancy Deposit Protection Certificate, they should enter the code number from that certificate. Alternatively, they can enter their surname, the deposit amount, the tenancy postcode, and the date their tenancy started. If a member informs TDS that the protection of a deposit should be ended, TDS will make reasonable efforts to inform the tenant before ending the protection. If the tenancy has not ended, the tenant (or one of the joint tenants) can object to the ending of deposit protection by phoning the TDS customer contact center. If the tenancy has ended and the tenant is not satisfied with the proposed split of the deposit, then the tenan...