Bond scheme (housing)
In the United Kingdom a bond scheme is an alternative to a landlord taking a deposit from their tenant(s).[1] They are usually run by councils, housing associations or charities and operate with the scheme operator guaranteeing any losses the landlord suffers due to the damage by the tenant(s). [2] A bond scheme is not considered a deposit so it does not have to be protected in a Tenancy Deposit Scheme.