The UK Association of Lettings Agents has advised its members to use Tenancy Deposit Solutions as their form of protecting tenant deposits.
TDSL is the insurance-based scheme sponsored by the National Landlords Association and administered by Hamilton Fraser Insurance.
David Salusbury, chairman of TDSL, says: We are obviously delighted that UKALA has concluded that TDSL is the most suitable tenancy deposit protection scheme for its needs.
It is indeed a great encouragement that it has then felt able to recommend us to its members.
Tenancy Deposit Protection comes into force on April 6 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 is one of those schemes and is open to both landlords and agents.