Deposit protection
Free and secure deposit protection
You transfer the deposit to us and we protect it for the entire tenancy. It’s a simple, straight-forward and hassle-free way to protect your deposit.
Why choose mydeposits Scotland?
Free protection
It is completely free. Transfer the deposit to us and we hold it for the duration of the tenancy.
Free dispute resolution
If you can’t agree with your tenant at the end of the tenancy, you have free access to our award winning adjudication service.
Choice of protection
Choose between traditional deposit protection or deposit replacement. Find out more.
Simple compliance
All legal documents, including the prescribed information, are created for you.
Transparent experience
You and your tenant will have access to an online portal with details of the deposit protection.
How it works?
How it works?
Create a membership
To get started you’ll need to set up your member account here. It’s completely free.
Protect the deposit
Use your online account to protect the deposit with us within 30 days of receiving it from the tenant.
Inform the tenant
Give the tenant proof of the protection (this is called the prescribed information) within the same 30 calendar days of receiving the deposit.
You're all done
Now that you have transferred and protected your tenant’s deposit with us, you are fully compliant. You can do all of this instantly in your online member account.
What happens if there is a dispute?
What happens if there is a dispute?
Evidence
You need to provide evidence to support your deductions. This could include a tenancy agreement, inventory report, photographs and any other documents.
Decision
All the evidence is compiled and sent to an independent, qualified adjudicator to make a binding decision. We will notify you of the decision, explain the reasons and transfer the awarded amount.
