Tenants’ shocking lack of knowledge about tenancy deposits

A fresh survey of more than 1,000 people involved in the UK private rental sector has found a staggering and worrying lack of knowledge when it comes to deposit laws and tenants’ rights.

The law requires all deposits taken on an Assured Shorthold Tenancies to be protected in a government-authorised insurance based or custodial deposit protection schemes, but there appears to be a lack of deposit protection awareness among tenants.

Some 98% of renters who took part of the research, undertaken by Just Landlords, did not know their rights when it comes to tenancy deposits.

Read the full story at Landlord Today.

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