Rahul Sharma (Editor)

Bond scheme (housing)

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In the United Kingdom a bond scheme is an alternative to a landlord taking a deposit from their tenant(s). 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). A bond scheme is not considered a deposit so it does not have to be protected in a Tenancy Deposit Scheme.

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Bond scheme (housing) Wikipedia