The UK Association of Lettings Agents Ltd (UKALA) have recommended to their members that they use Tenancy Deposit Solutions Ltd (TDSL) as their form of protecting tenant deposits as now required under the Housing Act 2004. TDSL is the insurance-based scheme sponsored by the National Landlords Association (NLA) and administered by Hamilton Fraser Insurance (HFIS).

"We are obviously delighted that UKALA have concluded that TDSL is the most suitable tenancy deposit protection scheme for their needs," said David Salusbury, Chairman of TDSL. "It is indeed a great encouragement that they have then felt able to recommend us to their members".

Tenancy Deposit Protection comes into force on 6 April 2007. Any deposits taken on and after that date for Assured Shorthold Tenancies in England and Wales must be protected by one of three government-authorised schemes. Tenancy Deposit Solutions Ltd is one of those schemes and is open to both landlords and agents.

David Salusbury continued: "We believe that our "pay as you go" approach makes our scheme attractive to agents as well as landlords. It is transparent and easy to join, with fees set at, what we believe, is an appropriate level".

-Ends-

Notes for Editors.

Tenancy Deposit Solutions Limited. Landlords or Agents wishing to use this scheme should register with the Scheme Administrator. They can find out more and register now by visiting www.mydeposits.co.uk. Registered members of the Scheme will be able to protect and unprotect deposits at the beginning and end of tenancies. No fees will be payable until a member protects their first deposit, after 6 April 2007. Fees are expected to be tax-deductible. Landlord members of the Scheme can protect and unprotect as many deposits as they wish, for as long as the relevant tenancy lasts. In the event of a dispute at the end of the tenancy both parties will be offered access to the alternative dispute resolution (ADR). This procedure will be evidence-based, relying on documentation and records.

UK Association of Letting Agents (UKALA) UKALA was launched in 1998 and went national in 1999. Membership has grown steadily since then. All members of UKALA must deal fairly with landlords, tenants, suppliers of services and members of the public and not discriminate against any group. UKALA members are expected to adopt the principles enshrined in the Association's Code of Practice.

For further information, please contact:

Simon Gordon Communications TDSL 020 7840 8904/0774 0089849 John Peartree General Secretary UKALA 01206 853741

For media enquiries, please contact: Simon Gordon Tel: 020 7828 2445 Email: simon.gordon@landlords.org.uk