Park House, Luton

Your deposit will be protected within 30 days of your move-in at Park House Luton with the Deposit Protection Service (DPS) or Tenancy Deposit Scheme (TDS).

In 2007 the UK Government started the government-approved tenancy deposit scheme (TDP), making it a legal requirement that if you rent Park House Luton on an assured shorthold tenancy (AST) the deposit must be protected with a registered company, the schemes in England are: Deposit Protection Service MyDeposits Tenancy Deposit Scheme There are separate TDP schemes in Scotland and Northern Ireland.

To protect both tenant and landlord and provide a fair, non-bias deposit return. The tenancy scheme at Park House Luton oversees any claims made by each party and makes a final decision on what costs can be claimed from the deposit.

During the application process, your Park House Luton property manager will reqest the deposit funds up-front and will secure your funds with the Deposit Protection Service. Once this has been done, the DPS will contact you via email to set up an account. This is done in the first 30-day of you starting your tenancy with us.

A guarantor is someone who agrees to pay your rent if you do not meet the payment, for example, a parent or close relative. In the incident that you do not pay your rent, landlords and letting agencies can ask your guarantor to pay instead. If you can prove you earn above our affordability threshold you do not need a guarantor. property affordability criteria is: minimum income of 2.5 x the monthly rent If you do not meet this threshold, you must provide a UK-based guarantor who earns minimum of 3 x the monthly rent i.e. if your monthly rent is £700 and you earn £1500 per month, 2.5 x £700 = £1750. As this is above your monthly pay it would qualify you for a guarantor who earns 3 x the monthly rent. If you are applying for Park House Luton you must have a guarantor, regardless of income.