Landlords who do not join an approved regulatory agency will soon not be granted protection services for deposits.

The Tenancy Deposit Scheme has announced that from April 6th, the landlord services will be withdrawn for unregulated agents.

Landlords who would like to sign up can register with four bodies approved by the National Approved Letting Scheme (NALS).

Tenants and landlords are advised to use deposit protection services to avoid problems retrieving or charging property bonds when rental contracts come to an end.

Independent chair of the National Approved Letting Scheme Caroline Pickering said: "This recent development will surely come as a wake-up call to all firms who are not part of any regulatory body and cannot demonstrate to the consumer that they meet industry standards in the operation of their businesses."

Home insurance for landlords and tenants could also hinge on the provision of a good accounting track record, NALS added.

JML Property Insurance urged landlords to keep up with insurance payments over the difficult economic period to guarantee payouts in the event of burglary, damage or theft.ADNFCR-2002-ID-18966246-ADNFCR

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