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Deposit Protection Scheme

Deposit Protection Scheme

aYour deposit

When you agree to rent a property, a deposit of five weeks’ rent is required. In most cases, this deposit will be held by Samuel Estates as Stakeholder. Samuel Estates is a member of the Tenancy Deposit Scheme which operates to safeguard your deposit. It also ensures the swift and inexpensive resolution of disputes over the return of the deposit once your tenancy ends.

Further details are available www.tenancydepositscheme.com

Please be aware that in some instances the landlord may wish to hold and register the deposit themselves. If this is the case, we will advise you accordingly.

FAQS

How do I get my tenancy deposit back?

If your deposit is protected with TDS Insured, then your landlord or agent holds your deposit. You should contact them requesting the deposit as soon as possible after your tenancy ends.

If you’re not sure who holds the deposit, check the tenancy agreement and other information you received at the start of the tenancy.

You only need to contact TDS if you have a dispute with your landlord over charges from your deposit.

How long does my landlord have to return my deposit?

Your landlord or agent should return the deposit within ten calendar days of you requesting it.

If you do not receive your deposit within this time frame, talk to your landlord or letting agent first. If you still haven’t received the deposit, you should consider raising a dispute with TDS.

Why might my landlord keep some or all of my deposit?

Your landlord can only deduct money from your deposit if you have broken the terms of your tenancy agreement, leaving the landlord worse off. Common reasons for deductions are:

  • Cleaning
  • Damage
  • Redecoration
  • Unpaid rent

The landlord can only claim to restore themselves to the position they would have been in had you met the terms of your agreement. The average decline in the condition of the property and its contents (“fair wear and tear”) cannot be charged to the tenant. Your landlord must consider the costs before deducting any charges for repairs, redecoration or replacements from your initial deposit.

For example, if you have broken a five-year-old sofa, you should be charged the value of the five-year-old sofa and not the value of a brand new one.

It's been ten days and my landlord/agent has not informed me of any deductions. Does this mean that I should get my full deposit back now?

Some tenancy agreements give timescales for when an agent/landlord should inform a tenant if they want to deduct money from the deposit. These timescales add an element of structure at the end of the tenancy. A tenant is unlikely to get their deposit back by default if they aren’t told within the timeframe specified in their tenancy agreement. You should raise a dispute if the timescale isn’t met.

If there is a dispute, what happens to the deposit?

Once TDS has been asked to address a deposit dispute, the landlord or the agent must send the disputed deposit amount to TDS. This is required by law and failure to do so within ten calendar days of the TDS request may result in the termination of TDS membership. The landlord or letting agent should release any undisputed amount accordingly.

What if the landlord takes money off my deposit?

If your landlord believes they have reason to withhold any amount of your deposit, they should tell you as soon as possible. The parties should discuss the matter to reach an agreement on how to split the deposit. Most disputes are resolved informally in this way. But if your deposit isn’t returned within ten days of requesting it, any of the parties can ask TDS to resolve the dispute.

What happens to the interest on the deposit?

You should check your tenancy agreement as this will tell you what will happen to the interest on your deposit. When a disputed deposit is paid to TDS, no interest is paid.

Our latest properties

What our customers think

  • Charmaine Cheung

    Rented a place in London through Samuel Estates even when I was still living abroad, thanks to the fantastic Bilal Jamil who was so helpful throughout the whole process, helping arrange the virtual viewing and following up promptly right through to the move in date. Thank you so much Bilal!

  • Kia Wing

    The process right from searching to signing the contract has been smooth and easily laid out. Stefano has been amazing from the beginning of the process. He's been very responsive and understanding of what we needed, going the extra mile to secure us the perfect property. We would 100% recommend Stefano and Samuel Estates to anyone looking for their next property.

  • Natalia Sanchez

    We found a new place to rent through Samuel Estates and our experience so far has been quite positive. Bilal, who has been our main contact responsible for the "onboarding process", signing contracts etc.. has been very helpful and responsive solving all our questions promptly and keeping us updated during the whole time.

  • Lasse Berglund

    Bilal and Aleyna were both extremely helpful during our latest search for a flat.

    Booking viewings via email was painless, and the whole offer and referencing process was very smooth.

  • Brian Sharland

    Dealing with Samuel's Estate Agents has been a real pleasure. Their staff are friendly, courteous and efficient. All our queries were taken seriously and answered usually on the spot. The paperwork was sorted out quickly and the few issues after we had moved in were handled quickly too. Their aftercare is as good as their service.

  • Damir Lipa

    Brilliant service from Lina, my property manager at Samuel Estate in Streatham. Always available, positive attitude, prompt response and follow up to all requests, proactive and professional. Highly recommended!

  • isabela maciel

    Very happy with the services provided. From the lady who picked up the phone and managed to squeeze me into a viewing for 15 minutes after the call, to Stefano who showed the property and assisted me through the offering process with his excellent expertise. Also happy with the post signing service so far, including support for setting up and transferring bills.

  • Ava Chiu

    The whole renting process was very smooth. Agent Stefano is professional and responsive to our queries by providing detailed info every time. We love the property and area but it is a shame that the property is full of heavy cigarette smell in the upholstery which is deep inside and hard to get rid of the smell e.g. leather sofa. The whole experience will be even better if the smell has been removed by professional cleaning before we moved in. Unfortunately, Samuel Estate could not help much on this after we reported. Apart from this, the experience was good and staff are helpful! That's why it's 4 stars. Otherwise, we will give 5 definitely.

  • Christian Larsson

    I have been a happy client for many years and I continue to use Samuel Estates for my property management. Professional, transparent and service minded.

  • Ross Campbell

    My partner and I are a week away from moving in! The staff at Samuel Estates have been very helpful and quick to respond to any quieres throughout the process. Having engaged with almost all agencies within the area by far have found these to have the best properties and the best staff!

Our office locations

Balham

45 Bedford Hill
London
SW12 9EY

Colliers Wood

30 Watermill Way
London
SW19 2RT

Streatham Common

432-434 Streatham High Rd
London
SW16 3PX