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All private landlords and letting agents taking deposits for assured shorthold tenancies (ASTs) in England and Wales are required to safeguard them with a government-authorised tenancy deposit protection scheme.
We at Desresco use the Deposit Protection Service (The DPS) which is the only Government-authorised custodial scheme that is free to use.  All funds are ring fenced in accordance with client money regulations.  to find out more, visit the Deposit Protection Service website.