TENANTS are being urged to check their deposit is protected by their landlord.
The message was issued by Petty’s Lettings after figures revealed that up to a million private sector tenants with combined deposits worth up to £1billion are missing out on deposit protection.
Petty’s, local residential sales and lettings agents, said the number of tenancies affected is likely to grow rapidly as the rental market soars.
It became law in April 2007 that landlords will have to participate in either a ‘custodial’ or ‘insured’ Tenancy Deposit Scheme and provide tenants with the relevant contact details.
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