Posted by : James Maxwell
| Date posted : 07/02/2012
It is a requirement of the Housing Act 2004 that a deposit for an assured shorthold tenancy (AST) created on or after 6 April 2007 must be placed within an authorised tenancy deposit scheme (TDS). The purpose of the legislation was to prevent unscrupulous landlords from refusing to return tenants' deposits at the end of a tenancy.