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Scottish Government: Tenants protection scheme announced
Wednesday, June 06, 2012
Additional measures have been
announced by the Scottish Government to further protect tenancy
deposits paid by tenants renting properties in Scotland.
Scottish Housing Minister, Keith Brown, approved two more tenancy
deposit schemes from SafeDeposits Scotland and Mydeposits Scotland.
The first tenancy deposit scheme - administered by Letting
Protection Service - was approved by Ministers earlier this
year.
All three schemes will operate across Scotland from 2 July 2012
when the legal requirement to submit deposits into a scheme will
begin. In order to provide landlords with time to prepare,
the first category of deposits to be paid into the schemes
will be from November this year.