Tenancy Deposit Scheme: Extension of contract

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A decision made on 31 October 2018

Decision Reference: MD-H-2018-0022
Decision Summary Title:	Tenancy deposit scheme – extension of contract		Date of Decision Summary:	26th October 2018
Decision Summary Author:	Policy Principal		Decision Summary: Public or Exempt?	Public
Type of Report:	Written		Person Giving Oral Report:	Policy Principal
Written Report Title:	Tenancy deposit scheme – extension of contract		Date of Written Report:	26th October 2018
Written Report Author:	Policy Principal		Written Report: Public or Exempt?	Public
Subject: Tenancy deposit scheme – extension of contract
Decision(s): The Minister for Children and Housing decided to approve the extension to the existing contract between Tenancy Deposit Solutions Limited (t/a mydeposits Jersey) for a period of two years for the provision of a tenancy deposit scheme in Jersey. The Minister confirmed the continuing appointment of Tenancy Deposit Solutions Limited as the scheme administrator for the tenancy accordance with Regulation 3(1) of the Residential Tenancy (Deposit Scheme) (Jersey) Regulations 2015.
Reason(s) for Decision: The Minister has discretion to extend the term of the contract with the scheme administrator for a further period of up two years, subject to good performance. The Minister for Housing has reviewed the performance of the mydeposits Jersey tenancy deposit scheme since it commenced in November 2015 and is satisfied that the term should be extended. The contract commenced on 2nd November 2015 and terminates on 31st October. It is now the Minister’s intention to extend the contract to 30th October 2020.
Resource Implications: There are no resources implications arising from the Ministerial Decision.
Action required: The Minister for Children and Housing to sign the contract extension with Tenancy Deposit Solutions Limited for the provision of a tenancy deposit scheme.
Signature:		Position: Senator Sam Mézec Minister for Children and Housing
Date Signed:		Date of Decision (If different from Date Signed):