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Custodial versus insured rent deposit scheme
Starburst123_2
Posts: 3 Newbie
Hello,
Could anyone help please: What are the benefits and downsides of custodial versus insured rent deposit schemes?
I'm taking over the management of a property I let out. It was previously with an estate agent but that was just shambolic and as the tenants are very good I'm going to manage it myself.
That requires me to be registered with a deposit scheme though - the agents use DPS but I'm not sure at all about the pro's and con's of DPS's schemes. And are DPS any good at all?
Your expertise is much appreciated!
Could anyone help please: What are the benefits and downsides of custodial versus insured rent deposit schemes?
I'm taking over the management of a property I let out. It was previously with an estate agent but that was just shambolic and as the tenants are very good I'm going to manage it myself.
That requires me to be registered with a deposit scheme though - the agents use DPS but I'm not sure at all about the pro's and con's of DPS's schemes. And are DPS any good at all?
Your expertise is much appreciated!
0
Comments
-
Rather than switch scheme, get the current registration transferred into your name.
http://www.depositprotection.com/help/browse/custodial/agent-landlord/transfers0
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