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The Deposit Protection Service Custodial Terms and Conditions In order to use our Custodial scheme, you will need to read and accept these terms and conditions (the Terms and Conditions). Please see
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01
Gather all relevant information such as tenant details, deposit amount, date of deposit, etc.
02
Ensure you have the correct deposit protection scheme in place for your jurisdiction.
03
Fill out the necessary forms provided by the deposit protection scheme with the required information.
04
Provide the tenant with the necessary documentation and information regarding the deposit protection.
05
Keep a record of all communications and documentation related to the deposit protection for future reference.

Who needs deposit protection - what?

01
Landlords who have taken a deposit from a tenant as security against any damages or unpaid rent may need deposit protection.
02
Tenants who have paid a deposit to a landlord as security may also benefit from deposit protection to ensure their deposit is safeguarded.
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Deposit protection is a system in place to safeguard deposits made by individuals in financial institutions.
Financial institutions are required to file deposit protection.
Deposit protection can be filled out electronically or through paper forms provided by the regulatory authorities.
The purpose of deposit protection is to ensure that depositors do not lose their money in case of a financial institution's insolvency.
Information such as deposit amounts, account holders, and transaction history must be reported on deposit protection.
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