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30/07/2008
Private landlords breaking the law by not protecting deposits |
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Recent research has revealed that almost two thirds of private landlords are breaking the law because they have failed to protect their tenants' deposits, 24dash.com reported.
The Deposit Protection Service (DPS) survey revealed that as many as 62 per cent of landlords openly admitted to failing to register with a deposit protection scheme.
Responding to the results of the survey, Kevin Firth, client services director for The DPS, said: "These figures are staggering. What is particularly shocking is that when asked, landlords were willing to openly admit that they were flouting the law, either by design or through ignorance."
He continued: "Fifteen months after legislation was introduced, there is no excuse for failing to properly protect your tenants' deposits."
Mr Firth went on to explain that ignorance is no defence against the law.
The DPS will hold tenant's tenants' deposits for the term of their agreement and the interest accrued on that deposit will go to the service and a portion will go to "whoever is entitled to it". |
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