On the 13 February, BBCs’ Inside Out South West broadcast an investigation that has been carried out into the theft of tenants’ security deposits. The investigation highlights how fourteen letting agencies in the UK were prosecuted in 2016 for stealing around £1 million pounds worth of deposit money. In 2007, it became a legal requirement for landlords to put a tenants’ deposit into one of the three government protected schemes.
These are the Deposit Protection Service (DPS), The Tenancy Deposit Scheme (TDS) or My Deposits. Even though some deposits are lodged in the chosen schemes’ bank account, some are held in bank accounts which the landlord or letting agent can access. In these circumstances, it makes it easier for the landlord or agent to control what is repaid.
In response to this investigation, we want to provide you with some top tips to protect your deposit and prevent this happening to you.
If at any time you find yourself in a difficult situation surrounding your deposit, discover it has not been lodged with a government protected scheme or that your landlord or estate agent has made unlawful deductions, email email@example.com to book an appointment with our housing advisor.
Be sure to check out the BBC’s investigation on deposit theft for more information on the matter.
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