Overseas students urged to understand Tenant Deposit Protection Rules

Posted under Advice by Alan

Colleges and universities are being reminded by the online tenancy deposit firm, mydeposits.co.uk to make students understand Tenant Deposit Protection Rules to safeguard their deposit money.

The firm is concerned that most of the 48,000 overseas students in the UK may not be aware of their rights regarding tenancy deposit.

With effect from April 2007, landlords and letting agents are permitted to accept tenant deposit only if they follow Tenant Deposit Protection Rules laid down by the Government for the tenants in the UK.

The tenants have now got the resource in the form of new legislation to get back their deposit from the erring landlords who fail to refund deposit after the expiry of lease agreement.

The firm mydeposits.co.uk has suggested that students needed to be motivated to demand from landlord proof that their deposit money has been put in the Government-approved scheme. A student in the UK pays on an average £245 per month as rent. According to the firm’s chairman David Salusbury, educational institutions could play important role in making students understand laws governing their rented accommodation.

The firms dealing with tenant deposit protection usually render free impartial service in resolution of disputes over deduction of money by a landlord.

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