Protection for Tenancy Deposit
Many people that rent houses are not aware that they have the right to protect their deposit so that it is kept safe.
All tenants should be aware that the landlord must place their deposit in a Government Scheme within 30 days. Figures show that the average rental deposit is now £992.00
1 in 3 renters were unaware of their landlords’ obligations to protect their deposits.
These tenancy deposit protection schemes can also help both tenants and landlords if unfair deductions are made once a tenancy has ended.
This change in the law was campaigned for to stop renters from losing money, it is therefore worrying that such a large amount are unaware of their rights.
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