TDS members should protect the deposit, even if it’s paid to them in instalments.
In TDS Insured, you should protect the deposit on the basis of the total amount of the deposit you expect to receive for the tenancy over its life and ensure that the instalments are detailed in the tenancy agreement. If an instalment isn’t paid and this will affect the sum registered – please contact us so we can adjust the certificate.
In TDS Custodial, you should give the ‘amount stated on the tenancy agreement’ as the total amount of the deposit you expect to receive for the tenancy over its life, and the ‘amount to protect’ as the total amount you have already received. You can then top up the deposit with each instalment once received by you. We will issue a new deposit protection certificate to the landlord/agent and tenant(s) each time.