Landlords and letting agents are being urged to prepare for the arrival of tenancy deposit protection on 2 November 2015.
The scheme administrator, mydeposits Jersey, who signed contracts with the States of Jersey on the 17 September have invited landlords and letting agents to join the scheme early from 1 October, and have also announced a series of free workshops in October in the build-up to the go live date.
Eddie Hooker, CEO of mydeposits Jersey commented:
“From the 2 November landlords and letting agents will need to lodge their tenant’s deposits with mydeposits Jersey, and the quickest way will be using their online member account. Offering landlords and agents early registration should help familiarise themselves with how our scheme works. Joining mydeposits Jersey is completely free and only takes a matter of minutes on the website.
“We are also running a number of free workshops on the 5th and 6th October to walk landlords, letting agents and tenants through deposit protection and answer any questions they have about the legislation and the scheme.”
Jersey residents can register for the free workshops, hosted by Eddie Hooker here and from the 1st October, landlords and letting agents can join the scheme on the mydeposits Jersey website.
For further information, please contact:
Marketing and Communications Executive
0207 840 8906
NOTES TO EDITORS:
About my|deposits Jersey:
1. my|deposits Jersey is the trading name of Tenancy Deposit Solutions Limited, a company jointly owned by the National Landlords Association and HFIS plc T/A Hamilton Fraser Insurance (the Scheme Administrator) to deliver a custodial backed tenancy deposit protection scheme under contract from the States of Jersey
2. my|deposits Jersey aims to support landlords and agents to comply with the legislation and provide everyone with the confidence that deposit money is held securely for the duration of the tenancy.
3. Landlords and letting agents wishing to use this scheme are required to register with the Scheme Administrator. They can find out more and register by visiting www.mydepositsjersey.je
4. Registered members of the Scheme are able to protect and unprotect deposits at the beginning and end of tenancies.
5. In the event of a dispute at the end of the tenancy agreement, both parties are offered access to alternative dispute resolution (ADR). This procedure will be evidence-based, relying on documentation and records.