No. Using the Let Only scheme is entirely optional and TDS Insured agent customers are not obligated to use it in anyway.
However, where a member chooses to designate a registered deposit as Let Only, the deposit is protected by TDS for the life of the fixed term tenancy detailed in the original tenancy agreement.
Click here to read the full guide to the TDS Insured Let Only Scheme.
Click here to request a call back to discuss having the Let Only option added to your TDS Insured account.