Rent Payments. We will require your bank details to arrange rent payments to you by BACS transfer around the 18th of the month. If we are collecting the rent on your behalf you will also receive a monthly statement via post or email. (All rents are paid monthly in advance). Deposits. If we are holding the deposit it will be registered and held by The Deposit Protection Service (DPS). More information can be found on their website www.depositprotection.com. If you are holding the deposit you must either forward the deposit to the custodial scheme or use one of the insurance based schemes to insure the deposit