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

SafeDeposits Scotland Blog

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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 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 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

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

Comment on How do I check and agree to an inventory?

How do I check and agree to an inventory?

Posted on Wednesday 4th of July 2018

When you move in to a new home, make sure there's a detailed inventory which you agree with. If something is already broken or dirty when you move in but it isn't written on the inventory, you could end up having to pay for it when you move out. What is an inventory? An inventory is a list of everything in the property when you move in (for example, furniture, décor, fixtures and fitting, etc.) and the condition they're in (for example, 'brand new, never...Read More

Comment on I'm a tenant, what is the First Tier Tribunal?

I'm a tenant, what is the First Tier Tribunal?

Posted on Friday 15th of June 2018

On 1 December 2017 new legislation came into force. This means now tenants should now go to the First-tier Tribunal for Scotland (Housing and Property Chamber) if landlords or letting agents do not protect their deposits. Previously tenants had to raise a 'summary application' in the Sheriff court against their landlord if they had not protected their deposit. There are no fees involved in taking a case to the First Tier Tribunal. Unprotected deposits Your landlord has to...Read More

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