The holding of deposits changed in April 2007 as new legislation means that all deposits received from the tenant by law must be registered with a government run deposit protection scheme within 30 days of receiving the deposit.
Fair-Way Properties are members of the Deposit Protection Service (The DPS) which is a government backed scheme. The deposit will be protected throughout the length of the tenancy and re-paid at the end to the tenancy to the appropriate parties, as long as the deposit is not in dispute. Any dispute at the end of the tenancy is supported by an independent Alternative Dispute Resolution service.