Tenancy deposit scheme in Scotland to donate surpluses to charity
Howard Lake | 18 June 2012 | News
SafeDeposits Scotland has been licensed by the Scottish Government to run a tenancy deposit scheme in Scotland, and unlike other operators, it will donate its surpluses to charity. The money will then be distributed by SafeDeposits Scotland Trust, a grant-making charity that aims to promote education, training and best practice in the private rented sector in Scotland.
From 2 July 2012 landlords in receipt of a tenancy deposit will have to transfer the deposit to a licensed operator, such as SafeDeposits Scotland, to ensure they are securely held and that any dispute about their eventual return is resolved quickly by an independent party.
John Ferguson, Director of Development and Programmes, Scottish Council for Voluntary Organisations (SCVO), said: “Most landlords and tenants act fairly but where unscrupulous behaviour exists SafeDeposits will put a stop to it. Better still, the Safe Deposits Scotland Trust will put any surpluses to public good by promoting education, training and best practice in Scotland’s private rented sector. It really is a win-win all around.”
www.safedepositsscotland.com
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.