Once we have released your deposit funds to your landlord they are obliged to protect it in one of three appointed schemes. As the tenant, you are entitled to know where your deposit is held within 14 days.
Tenancy Deposit Protection has been introduced to ensure good practice in deposit handling, so that when a tenant pays a deposit, and is entitled to get it back, they can be assured that this will happen.
If your landlord cannot prove that your deposit is protected they are breaking the law and can be fined up to three times the value of your deposit. For more information, call 0871 703 0552 or visit My Deposits.