19/10/2026
Are ‘No Deposit’ schemes really a risk-free alternative for landlords and letting agents? 🏠
Deposit replacement schemes are becoming increasingly popular, offering tenants an alternative to paying a traditional tenancy deposit upfront. But for letting agents, they can come with legal and practical risks that shouldn't be overlooked.
From potential breaches of the Tenant Fees Act 2019 to mis-selling concerns and disputes at the end of a tenancy, it's important that agents understand their responsibilities before recommending these products.
With limited case law surrounding these schemes, questions also remain over how they may be treated by the courts.
In our latest article, our Residential Possession team explores the key risks letting agents need to be aware of and why a traditional, properly protected deposit remains the recommended approach.
Read the full article here: https://ellisons.com/news/deposit-replacement-schemes-what-letting-agents-need-to-know/