Comparing Tenancy Deposit Protection Costs for Landlords

I think I much prefer the mydeposits scheme as this is the only one that allows me to get my sticky fingers on the deposit monies.
Any dispute etc regarding return of deposit amounts may proceed; but at least in the mean time I will have the monies to assist my circumstances.
In my experience it is a lot harder to get money out of me; but it is even harder for me to get money out of other deposit schemes.
I will therefore continue to pay a fee and only use mydeposits.

Hi Paul

Please take another look at the table above. Three of the four schemes allow you to hold onto the deposit. It's only the DPS Custodial Scheme which doesn't.

Oh if this is the case I was unaware of this
Are you absolutely sure of this info.
Where have I picked up the understanding that it is only mydeposits which allows the Landlord to hold the deposit monies themselves.
If they are cheaper than mydeposits I will check this situation out.
Thanks for the advice; I will now check these different deposit schemes out.

Yes Paul, 100% certain. The analysis is all done for you in the table above

I used to use MyDeposits, until they refused to cover multi-occupancy houseshares: I was expected, if a houseshare tenant left, to return all the deposits and start a new tenancy agreement for everyone. Understandably my remaining tenants would not agree to this, as it forced them into a new six-month AST period, and I thought it was outrageous too.

I've switched to the DPS, who are much more sensible about this.

Does anyone know how TDS and DepositGuard handle unlicensed HMOs?

Surely all you had to do is charge the new tenant the £30.00 fee for the nes DPC.
Why would your tenants object to a new AST unless any were planning to leave before 6 momths elapsed.

As I understand there is nothing stopping you writing into the new tenancy agreement that a tenant does not have to wait 6 months before terminating it, you just can’t give yourself the option of terminating it in the first 6 months.

I thought most AST's were run for 6 months at which point they may be renewed for another period determined by the landlord.
I would not normally  give an AST for a lessor period; bearing in mind Section 8 procedures really need a 6 month period AST.
I allow all my AST's to proceed onto a SPT.
If I wish to enforce  an AST termination then that will occur the day after the tenancy has terminated as the Section 21 notice will have expired so I may commence possession proceedings the following day.
I advise tenants that the tenancy will be proceeding onto a SPT.
If they requested another 6 month AST and I was happy to do so I would issue another 6 month AST; but with the tenant/s paying for another DPC.
But as the LL surely as suggested you may write the AST for any period you like taking into account all the issues about giving notice and possession etc.