Bond scheme (housing)

In the United Kingdom a bond scheme is an alternative to a landlord taking a deposit from their tenant(s).[1] They are usually run by councils, housing associations or charities and operate with the scheme operator guaranteeing any losses the landlord suffers due to the damage by the tenant(s). [2] A bond scheme is not considered a deposit so it does not have to be protected in a Tenancy Deposit Scheme.

See also
  • Rent guarantee scheme

References
  1. http://england.shelter.org.uk/get_advice/private_renting/costs_of_renting/rent_deposit_and_bond_schemes
  2. http://england.shelter.org.uk/get_advice/private_renting/costs_of_renting/rent_deposit_and_bond_schemes
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