Jul

MyDeposits wins second term running Jersey’s tenancy deposits protection scheme

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Following a competitive tender process, mydeposits has been reappointed as the approved administrator for Jersey’s tenancy deposit protection scheme.

After originally secured the contract in November 2015 when the scheme first launched, mydeposits will now continue to act as the administrator for Jersey’s tenancy deposit scheme.

The reappointment will take effect from 31 October this year, lasting for a maximum of five years.

Jersey’s Minister for Children and Housing, Senator Sam Mézec, comments: “I am pleased to extend the agreement with mydesposits for a second time.

“The scheme provides an effective way to manage deposits and to resolve any disputes between landlords and tenants. I will continue working to improve standards in Jersey’s rental sector and I am confident that mydeposits Jersey will be a key partner in this work.”

Eddie Hooker, the CEO of mydeposits, adds: “This extension is a testament to the hard work and commitment the team has put in over the past few years.

“This decision by the Minister will enable us to continue investing in the scheme and enhancing the service we provide to our customers in Jersey.

“We are passionate about raising standards across the rental sector in Jersey and supporting landlords and tenants to adopt good practice in the handling of deposit money. We will continue to work closely with the Government of Jersey to support them in their valuable work.”

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