Tenancy Deposit Scheme
Tenancy Deposit Scheme
By law, all landlords and agents in Scotland must lodge a tenant’s deposit with an approved tenancy deposit scheme. The deposit is released at the end of the tenancy, if no party lodges a claim to part or all of the deposit to cover costs for repair or cleaning. If a landlord or agent wants to claim part or all of the deposit to cover costs, evidence must be submitted. An inventory is essential in this situation.
By law, all landlords and agents in Scotland must lodge a tenant’s deposit with an approved tenancy deposit scheme. The deposit is released at the end of the tenancy, if no party lodges a claim to part or all of the deposit to cover costs for repair or cleaning. If a landlord or agent wants to claim part or all of the deposit to cover costs, evidence must be submitted. An inventory is essential in this situation.