Deposit protection setup
- Legal requirement
The short answer
Register the deposit and issue the prescribed information
- Price from
- £50.00
- Time on site
- 0 hours
What you get
Confirmation of deposit protection and a completed pack of Prescribed Information documents for the tenant.
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When do you need a Deposit protection setup?
Within the first 30 days of receiving a deposit from a new tenant.
What happens on the day
This service is performed administratively once you provide the tenancy details and deposit funds.
How to prepare
- Confirm the exact amount received from the tenant
- Verify the full names of all tenants on the agreement
- Ensure you have the tenant's current contact details
- Check the start and end dates of the fixed term
- Identify any third party who paid towards the deposit
How to improve your result
- Always protect the deposit immediately rather than waiting for the 30 day limit
- Get proof of postage or a signature when giving documents to the tenant
- Use a custodial scheme to avoid paying a protection fee
Why it is useful day to day
Protects you from expensive legal claims and ensures you retain your right to regain possession of the property.
Why we ask these questions
We need the tenant names, property address, and the exact date the money was received to meet legal deadlines.
Frequently asked questions
Often needed alongside
- Recurring
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