What is a deposit protection certificate?
A deposit protection certificate is a document that verifies a tenant's deposit is safeguarded under a government-approved deposit protection scheme. It serves as proof that the deposit is protected in accordance with the law.
How do I obtain a deposit protection certificate?
To obtain a Deposit Protection Certificate, you must first ensure that the tenant’s deposit is placed in one of the government-authorised deposit protection schemes. Once the deposit is successfully protected, the scheme will issue the certificate to you.
What schemes are available to choose from?
There are three different government backed schemes providers that you must protect the deposit with -
Each of these providers run two types of deposit scheme: a custodial one and an insurance based scheme.
Where can I find for more information?
For additional details, please visit: NRLA Deposit Protection Information.
Where can I find training on this topic?
The NRLA offers various training courses for members to enhance their knowledge and skills as landlords. They come in three types of formats:
- Classroom: In-person sessions for hands-on learning.
- eClassroom: Interactive online classes that allow for real-time engagement.
- eLearning: Flexible, self-paced online courses for those who prefer learning on their own schedule.
Last reviewed 9th December 2024