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Mydeposits deposit protection scheme promotion

Mydeposits deposit protection scheme promotion

It’s a legal requirement for landlords to protect their tenants’ deposits with a government authorised scheme, or face harsh penalties including a fine of up to 3 times the deposit amount.

Landlords have 30 calendar days from the date they receive the deposit from their tenant to protect it with the scheme. Landlords must also provide the tenant with key information to confirm the deposit’s protection, called the Prescribed Information.

The EMPO have teamed up with mydeposits, a government authorised scheme, to offer all EMPO members discounted fees for the mydeposits Insurance-based deposit protection scheme.

EMPO members can join for just £5 and use mydeposits to protect each tenancy deposit they take. A special discounted deposit protection fee price has been agreed with £2 off the standard mydeposits fee.
The mydeposits Insurance scheme enables landlords to keep the deposit in their bank account for the duration of the tenancy.

To take advantage of the offer and join for just £5, use the promoter code EMPO16 when prompted. Click here to get started.

mydeposits also offers a free-to-use deposit protection service, called mydeposits Custodial. To find out more how mydeposits works and to protect deposits for free, please visit www.mydeposits.co.uk/landlords/how-it-works/

Deposit value:

Standard price

EMPO price:

Deposit value up to £500

£20

£18

Deposit value over £500

£26

£24