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Tenancy Deposit Schemes

Department for Communities and Local Government written question – answered on 3rd November 2014.

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Photo of Dame Cheryl Gillan Dame Cheryl Gillan Conservative, Chesham and Amersham

To ask the Secretary of State for Communities and Local Government, how often checking and monitoring of (a) the Deposit Protection Service, (b) the Tenancy Deposit Scheme and (c) My Deposits take place; and what that process involves.

Photo of Dame Cheryl Gillan Dame Cheryl Gillan Conservative, Chesham and Amersham

To ask the Secretary of State for Communities and Local Government, who is responsible for checking and monitoring (a) the Deposit Protection Service, (b) the Tenancy Deposit Scheme and (c) My Deposits.

Photo of Dame Cheryl Gillan Dame Cheryl Gillan Conservative, Chesham and Amersham

To ask the Secretary of State for Communities and Local Government, what steps his Department takes to assess the adequacy of My Deposits compliance procedures.

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government)

All three tenancy deposit schemes are required to submit monthly key performance indicators to the Department for Communities and Local Government in accordance with the Service Concession Agreement. The schemes are also required to provide the Department with annual updates of all their management and financial plans.

In addition the Department holds quarterly monitoring meetings with the schemes at which any performance issues can be discussed. Over the period that the schemes have been in operation their performance has been consistently high.

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