The Tenancy Deposit Scheme faced rough weather in its first year due to the very tight inaugural deadlines. But one can call it a success as it ended up with half a billion pounds in deposits and 2,000 deposits resolved, as quoted in the scheme’s annual report.

This is a not-for-profit organization that is responsible for holding tenants deposits and resolving landlord and tenant disputes.

The Scheme did not begin at the pace that was expected. Even though more and more landlords started to use the scheme after it became mandatory in April 2007, it still has not hit the heights that were expected. Continue reading →