TDS rates continue to rise

A report by the Centre of Economics Business Research claims 284,000 landlords have failed to  place all their tenants deposits into one of the government-backed tenancy deposit schemes.

The figures, based on CEBR research, alongside certain extrapolations, and fingers held to the breeze, approximate that somewhere in the region of 85 per cent of landlords comply with  the tenancy deposit protection legislation.

The research tank estimates this figure equates to approx. £514 million in unprotected tenant deposits.

According to Cebr data the percentage of landlords protecting deposits continues to increase -

• 2008: 35.2%
• 2009: 54.6%
• 2010: 63%
• 2011: 70.6%
• 2012: 72.2%
• 2013: 77.2%
• 2014: 80.8%
• 2015: 85.5% 

If discovered, landlords can expect to be fined approximately three times the deposit value.

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