TDS launches a new charitable foundation
January 16, 2014
The Tenancy Deposit Scheme has set up a new Private Rented Sector charity to provide funding for training and education to promote best practice.
The TDS Charitable Foundation has now been registered as a Charitable Incorporated Organisation with the Charity Commission.
The objective of the charity is to advance education about housing rights and obligations in general, and in particular about (a) best practice in the management of private rented housing and (b) legal rights and obligations which are of particular relevance to those who are involved in the provision or management of private rented housing or who hold tenancies within the private rented housing sector.
The charity will also look to to promote by education the use of alternative dispute resolution processes for the more efficient and effective resolution of disputes between landlords and tenants within the private rented housing sector.
Steve Harriott, Chief Executive of TDS said: “The TDS Charitable Foundation is the next step in our long term commitment to helping raise standards in the private rented sector. Industry practices are coming under close scrutiny at the moment, but training and accreditation remain entirely voluntary in the lettings.
“Letting property unprepared leaves everyone open to risk and we hope the TDS Charitable Foundation will help make support more accessible for landlords, letting agents and tenants, and provide valuable resources for providers of training and education.”
The majority of the funding is expected to come from unclaimed deposit monies but the Foundation has stated that it will also seek funding from other grant giving entities.