When renting out a property, the protection of tenancy deposits is without doubt a good idea. As is often the case, however, good ideas can sometimes give rise to many complications.
One problem is that there are a number of schemes and all of them have slightly different rules. It is important to check out the various different rules for the different schemes and then go with the option that suits you best. It is of course essential as a landlord that all tenants deposit money is placed in one of the schemes.