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Deposit Protection Service (DPS) is a government-approved scheme in the UK that safeguards tenants' deposits for assured shorthold tenancies. Landlords are required by law to protect their tenants' deposits in a government-approved scheme like DPS within 30 days of receiving the deposit. The DPS holds the deposit throughout the tenancy and ensures that it is returned to the tenant at the end of the tenancy, provided they have met all of their obligations. In case of a dispute between the landlord and tenant over the deposit, DPS offers a free and impartial dispute resolution service to help resolve the issue. This helps to provide peace of mind to both landlords and tenants, ensuring that deposits are protected and fairly handled.