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Tenancy deposit protection and dispute resolution company The Dispute Service TDS today Monday September 4 announces a long-term zero deposit holidays partnership with Zero Deposit, a new company which aims to help tenants by replacing the traditional tenancy deposit zero deposit holidays an affordable insurance policy.

TDS has entered into an exclusive contract to provide dispute resolution services to Zero Deposit, run by former ZPG chief commercial officer Jon Notley, when it plans to commence trading later in As part of its strategic partnership with Zero Deposit, the Hemel Hempstead based company has made an investment in the new business and takes a seat on the board.

Deposit replacement insurance more info involve tenants buying an insurance policy in lieu of a deposit which guarantees to landlords any zero deposit holidays losses incurred as a result of action by the tenant up to a specified value. Tenants remain fully responsible for any damage or outstanding rent payments at the end of the tenancy, but the landlord is protected in case these debts are not honoured by the tenant, with Zero Deposit paying the landlord within 48 hours of the disputed claim being accepted or confirmed by TDS.

Our experience of dispute resolution and zero deposit holidays robust procedures that we follow make us well placed to support this new direction in tenant deposit replacement. It has raised a significant sum of money in start-up capital and has the backing of Munich Re as the insurer. The TDS team have unparalleled experience of deposit protection and dispute resolution and their knowledge of the intricacies of the private rental sector gives us a significant edge on our competitors.

The announcement of this strategic partnership with TDS follows the news that Zero Deposit had entered an exclusive, global insurance partnership with Munich Re, agreed a long term promotional deal with Zoopla and had received the financial backing of leading investors including Jamjar, the venture fund here up by the founders of innocent drinks, and Grenville Turner.

Along with a highly-experienced zero deposit holidays team, and with further partnership announcements planned in the coming weeks, we believe Zero Deposit is well placed to lead the deposit replacement market following its planned launch later in The issue I have with this type of insurance scheme is the tenant has not put any of their own money forward, hence has nothing to lose and therefore no incentive to look after the property.

When they eventually leave they have nothing to claim back, essentially no "skin in the game". A tenant who can afford the first month's rent upfront along with the deposit, is better than one that's skint.

Chris Novice Shark Bait. I formerly used the none custodial my-deposits but they charged fees and renewal fees. I currently use D. What fees will TDS be charging the landlord for such a zero deposit, insurance based option? Doesn't cost me a bean as it's a free service. Thanks Dylan, You agree with me therefore, but does anyone know the cost implications for landlords in the newly suggested scheme?

Sorry don't no the fee, but you can bet the shareholders are rubbing online gambling netherlands hands together and opening off shore accounts zero deposit holidays stash there money tax free. I would say it will be expensive for the landlords. I've used the DPS for free for the last 14 years This still does zero deposit holidays cover a whole host of costs, if you get a bad tenant.

Like Rent arrears, damage, zero deposit holidays carpets. Redecorating, solicitors legal fees, court costs, bailiffs. Recovery of money by traceable company.

Comments Hide Comments Dylan Morris 2 months ago. Chris Novice Shark Bait 2 months ago. Dylan Morris 2 months ago. Paul Green 2 months ago. Free online Buy to Let mortgage quotes. Become a member to keep up to date with all the latest news. Section 24 will make me bankrupt! HMRC change landlord tax manuals without notice or legislation change A week ago Was the Base Rate zero deposit holidays an overreaction?

BofE Base Rate increased 0. Massive cost after Grenfell cladding found on my building? A day zero deposit holidays 7. Create an article or discussion Read More.

Zero deposit holidays No Deposit Holidays – Low Deposit Holiday

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But ATOL protection does please click for source apply zero deposit holidays all holiday and travel services listed on this website. Please ask us to confirm what protection may apply to your booking. Please see our booking conditions for information or for more information about financial protection and the ATOL Certificate go to: Spread the cost of your holiday with our low deposit scheme. Short Haul and Mid Haul Holidays.

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