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Free registration of tenancy deposits in Scotland from our offices in Glasgow.

SafeDeposits Scotland Blog

Comment on Client Money Protection - A Brief Guide

Client Money Protection - A Brief Guide

Posted on Thursday 20th of September 2018

Letting agents will be aware that - as part of their Code of Practice - it is compulsory to have client money protection (CMP) in place. With the Code having been in force since January this year, it's important that agents have CMP to ensure that they are regulated. CMP is not a service we offer, however as part of our commitment to promoting best practice we've put together a few points on this important requirement. What is it? In a nutshell, CMP is a special type of insurance that...Read More

Comment on The Great Scottish Oven Clean

The Great Scottish Oven Clean

Posted on Tuesday 28th of August 2018

It's probably one of the least popular tasks in maintaining any household but it has to be done, and if you're a keen baker you know how important a clean oven is. Whether you're embarking on a signature, a technical or a showstopper bake, you're not going to get that beautiful baking aroma from an oven caked (no pun intended) in grease. You're maybe wondering why we - a tenancy deposit scheme - are concerned with how your Victoria Sponge works out, but the...Read More

Comment on How do I complete the prescribed information form?

How do I complete the prescribed information form?

Posted on Friday 24th of August 2018

How do I complete the prescribed information form? The Tenancy Deposit Schemes (Scotland) Regulations 2011 require landlords who take a deposit from their tenant to: Transfer the deposit to a government approved tenancy deposit scheme; and Provide the tenant(s) with particular key information. The deposit should be protected and the key information provided within 30 working days of the tenancy start date. To help make providing the key information easier, we have a template,...Read More

Comment on Less than three weeks left to apply for SafeDeposits Scotland Trust funding

Less than three weeks left to apply for SafeDeposits Scotland Trust funding

Posted on Wednesday 15th of August 2018

SafeDeposits Scotland is the only not-for-profit deposit scheme meaning that we can use any financial surpluses we make to make a positive difference to Scotland's private rented sector (PRS). To do that, we set up the SafeDeposits Scotland Charitable Trust, a grant-giving charity that promotes and facilitates education, training and best practice within the sector by funding projects that provide tangible benefits to landlords, letting agents and tenants alike. The Trust is currently...Read More

Comment on I paid my son's deposit - how do I get the money back?

I paid my son's deposit - how do I get the money back?

Posted on Friday 10th of August 2018

We know that parents will often pay a tenancy deposit for their son or daughter, most commonly if their child has moved for college or university and needs hundreds of pounds for their student flat. In fact, it's not unusual for the deposit for a student flat to be paid entirely by the parents of the different students living there. However, as the students are the people living in the property, they are listed on the tenancy agreement and are legally responsible for following the...Read More

Comment on What happens if there's no response to a repayment request?

What happens if there's no response to a repayment request?

Posted on Thursday 2nd of August 2018

The importance of contact details When a landlord registers a deposit, we ask for contact details for the tenant, specifically a phone number (preferably a mobile number) and email address. We can't stress enough how important contact details are: we need to be able to contact the tenant after they move out of the property to ask them to complete the repayment steps. If we can't contact the tenant, the repayment will be much slower for the landlord and tenant. As we need to contact the...Read More