Common use of HOW MUCH DOES IT COST Clause in Contracts

HOW MUCH DOES IT COST. TDS is funded by the membership subscriptions and deposit protection charges that letting agents and landlords pay. All these fees are on the TDS website. TDS makes no charge to tenants for protecting the deposit – although landlords or agents may pass on their subscriptions to their tenants as part of the tenancy costs. There is no charge to landlords, tenants or agents for having a dispute resolved. WHO CAN JOIN THE TENANCY DEPOSIT SCHEME? The Tenancy Deposit Scheme is open to landlords and letting agents offering residential property for rent. They will be asked to provide relevant information – as set out in the TDS Rules – to TDS before it decides whether they can be accepted as a member, and what their subscription will be. OUR GUARANTEE OF IMPARTIALITY TDS is overseen by a Board, which is responsible for operating and financing the business. The Board, and the TDS management, have no role in resolving disputes and cannot intervene in decisions about disputes. The scheme’s Head of Adjudication is responsible for resolving disputes. The most usual method for resolving a dispute through TDS is to use adjudication but the scheme may suggest negotiation, mediation or other methods. Adjudicators work fairly and impartially. All TDS adjudicators belong to the Chartered Institute of Arbitrators and comply with our Adjudicator Code of Conduct, which is available on the TDS website. The adjudicators make decisions without favour, based on the issues in dispute and the evidence provided. TDS publishes breakdowns of awards in its Annual Reports. These give an overview of how Awards are split between tenants, landlords and agents. You can see the adjudicators’ decision-making guidelines and some example case studies at xxx.xxxxxxxxxxxxxxxxxxxx.xxx.

HOW MUCH DOES IT COST. TDS is funded by the membership subscriptions and deposit protection charges that letting agents and landlords pay. All these fees are on the TDS website. TDS makes no charge to tenants for protecting the deposit – although landlords or agents may pass on their subscriptions to their tenants as part of the tenancy costs. There is no charge to landlords, tenants or agents for having a dispute resolved. WHO CAN JOIN THE TENANCY DEPOSIT SCHEME? The Tenancy Deposit Scheme is open to landlords and letting agents offering residential property for rent. They will be asked to provide relevant information – as set out in the TDS Rules – to TDS before it decides whether they can be accepted as a member, and what their subscription will be. OUR GUARANTEE OF IMPARTIALITY TDS is overseen by a Board, which is responsible for operating and financing the business. The Board, and the TDS management, have no role in resolving disputes and cannot intervene in decisions about disputes. The scheme’s Head of Adjudication is responsible for resolving disputes. The most usual method for resolving a dispute through TDS is to use adjudication but the scheme may suggest negotiation, mediation or other methods. Adjudicators work fairly and impartially. All TDS adjudicators belong to the Chartered Institute of Arbitrators and comply with our Adjudicator Code of Conduct, which is available on the TDS website. The adjudicators make decisions without favour, based on the issues in dispute and the evidence provided. TDS publishes breakdowns of awards in its Annual Reports. These give an overview of how Awards are split between tenants, landlords and agents. You can see the adjudicators’ decision-making guidelines and some example case studies at xxx.xxxxxxxxxxxxxxxxxxxx.xxxxxx.xxx.xx.xxx.