TDS put back to April 2007

The scheme, which was to come into force in October and will affect the majority of buy-to-let propoerties in England and Wales, is intended to drive up standards in the rental sector and provide a greater amount of protection to both tenants and landlords by insisting rental deposits are held by an independent body rather than the landlord or letting agents. The government is introducing the tenancy deposit scheme alongside other Housing Act 2004 provisions which include regulations regarding house of multiple occupation and selective licensing, the housing health and safety rating syste...