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Comparison of tenant deposit schemes in England and Wales

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In England and Wales there are three government-approved tenancy deposit schemes (Scotland and Northern Ireland have different schemes). They are Deposit Protection Service (DPS) MyDeposits  Tenancy Deposit Scheme (TDS) Insured vs. custodial scheme Insured scheme: the landlord/agent can hold the tenancy deposits during the term of the tenancy. They need to pay a fee to the deposit scheme to register the deposit. At the end of tenancy, if the tenant raises a dispute, they must transfer the disputed amount to the deposit scheme until the matter is resolved by a free dispute resolution service provided by the scheme or a court.  Custodial scheme: the scheme holds the deposit for the duration of the tenancy. Custodial Schemes is free of charge for the landlord/agent. At the end of tenancy, both parties agree before the deposit can be released to the tenant/landlord. If there is a dispute, the release of deposit will be based on the decision of the free dispute resolution service provided b
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What does "mortgage" mean?

By Jim Sheng
In the 17th and 18th centuries as people were going to the "new world", America, many of them couldn't afford the boat ride.

So to get to America, they would agree to be indentured servants. They would commit to work for someone for 3 to 7 years, and in the end they would be part of this new free world, at least that was the idea.

You see, in many cases, the indentured servant would become further indebted to their "employer" who would then agree to forgive that debt if they would stay on, many times indefinitely.

Today, we still have indentured servants, more like financial slaves really. But instead of being obligated for 7 years, it's 30, or more. And that's assuming you actually become debt free, but incidentally, many people won't see that day before they die.

In fact, dissect the word "mortgage" and what do you get? Well "mort" comes from the Latin word for death, and "gage" comes from Latin to mean pledge, so a mortgage effectively is a "death pledge", that's often the case.
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Comments

  1. Alan17 January 2013 at 06:40

    Thanks for that, good definition. I knew it was 'death contract' or something like that.

    ReplyDelete

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