Calling all tenants! Did you know that your landlord is legally obliged to place your deposit in a Government-backed scheme within 30 days of receiving it? This is to protect you from unfair deductions to your deposit and from it being withheld altogether when your tenancy ends.
The Telegraph newspaper reports that following a survey of 4,000 tenants in England by the charity Shelter, nearly one in three tenants is unaware that this protection exists for their benefit. Shelter proactively campaigned for a change in the law to protect tenants.
Here’s what the charity’s chief executive, Campbell Robb had to say on the new findings: "We campaigned for this change in the law to stop renters from losing money in unfair deposit deductions, so it's extremely worrying that so many are still unaware of their tenancy deposit rights.
"We know that most landlords do the right thing but unfortunately some are still unaware of their responsibilities to protect the deposits that are given to them in good faith.
"At Shelter we hear from thousands of renters who have huge chunks deducted from their deposit for no good reason, or who have to wait months to get their money back."
For more information on the Government-backed tenancy deposit protection scheme, visit the GOV.UK website.
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