by Daniel Jones
New research reveals that 62 per cent of landlords are failing to protect their tenants' deposits.
According to the latest figures from the Deposit Protection Service (DPS), a large proportion of landlords are not registering their tenants with the deposit protection scheme.
A total of 18 per cent of landlords were registered with the DPS, while 14 per cent used other schemes, reports 24dash.com.
Despite it being illegal to not register tenants deposits, six per cent did not know what scheme they used.
Kevin Firth, client services director for the DPS, said that figures were "staggering".
"Fifteen months after legislation was introduced, there is no excuse for failing to properly protect your tenants' deposits," he explained.
He was shocked that landlords openly admitted they were "flouting the law".
Meanwhile, the Scottish Parliament is being urged to adopt the schemes, which protect tenants at the conclusion of a contract.
Published on: July 7, 2008