LETTING & ESTATE AGENT

Half of tenants don’t check if deposits are protected

Half of tenants don’t check if deposits are protected

More than half of tenants (53%) admit they never check to see if their deposits have been put in a protection scheme, with 47% believing that they have not been protected.

Just over a quarter (26%) say they do not know.

In a survey by the flatshare website Spareroom, which drew 1,649 responses online, 16% of sharers and prospective sharers said they had never even heard of deposit protection schemes.

Some 13% of tenants said they had have submitted dispute claims through a tenancy deposit scheme.

According to the survey, the outcome was almost evenly split: 48% of tenants won their claim while 52% said their landlord won the dispute.

Martin & Co St Albans are members of the DPS Custodial Scheme and deposits are lodged with that scheme.  This ensures that deposits are protected for the duration of the tenancy. 

Tenants always receive an email notification of this deposit from the DPS so there are no grey areas!