Over half the tenants polled by spareroom.co.uk said they had never actually checked whether their rental deposit was being held in a government backed Tenancy Deposit Scheme.
A fifth of the tenants polled had not even heard of tenancy deposit schemes.
"It's easy to see why tenants who've been burnt in the past see deposits as rent top ups," said Matt Hutchinson, director of SpareRoom.co.uk. "You hear horror stories about the excuses landlords have found to withhold deposits when tenants move on, but there are two sides to every story."
Any landlord who doesn't protect a deposit and inform the tenant in accordance with the law needs their head examined.
ReplyDeleteWith a penalty of 3 times the rent, why take the risk?