Deposit Scheme For Regulated Agents DSPRA

  • The system used prior to the 2004 Housing Act as amended by the Localism Act 2011.
  • This was a voluntary scheme until the HA 2004 was implemented on 6 Apr 2007.
  • The new rules are mandatory for AST
  • Any other tenancy is exempt but can include the scheme voluntarily.
  • See Deposit Protection
  • See Superstrike v Rodrigues
  • See non compliance implications if not fit and proper person.
  • The maximum amount of deposit is two months rent or 1/6th of the annual rent.  See implications in Premium Tenancy.

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