Late Deposit Returns

A sharp increase in work for The Dispute Service (TDS) has stretched their resources to the limit.

Members attending a recent ARLA regional meeting heard tales of tenants nearly moving out of their next property without the deposit dispute resolved from the first one! TDS say they are now dealing with over 150 disputes a week, forcing them to seek to expand their team of staff.

According to the TDS annual report, the dispute rate was 1.76% of the total number of registrations during the first year, and cases were closed within an average time of 28 days, from receiving the consent of both parties to adjudication, as demanded by government. The scheme now covers some £0.5bn of deposits.