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20th July 2010 12:55 pm
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The Deposit Protection Service (DPS) and the National Union of Students (NUS) has sent out a warning to new students not to be caught out by unscrupulous landlords.
As the new academic year approaches, students are making preparations to go to university for the first time and have to find accommodation in time for the start of the new university year in September.
To coincide with this, The DPS has produced a new tenant’s guide to provide students with advice about moving into their first rental property.
Kevin Firth, director of The DPS said; “The Deposit Protection Service and National Union of Students are warning students to protect themselves against rogue landlords. Going away to university should be an exciting time for most students and putting in the time up front to make sure their deposit is correctly protected will mean there’s less chance of hassle in the long run.”
He added; “There are still too many landlords out there who are not registering their tenants’ deposits and this new guide will make sure all students are aware of their landlord’s obligations.”
‘The Deposit Protection Service: A Tenant’s Guide’ provides tenants with information on how the tenancy deposit protection scheme works and the obligations and responsibilities of landlords.
The DPS and NUS has given new students safety steps to follow before renting a property. These steps include written proof that the landlord belongs to a Government approved deposit scheme and making sure the tenancy agreement refers to how your deposit is protected and the process for repayment.
Ben Whittaker, NUS Vice-President (Welfare) said; “It is important that all students check that their landlords are registered with an approved tenancy deposit scheme and only use a landlord who is. Using a tenancy deposit protection scheme will provide students with peace of mind that their deposits are safely protected and if there is a dispute then students will have a means of redress.”
The DPS works by physically holding onto a tenant’s deposit, free of charge, for the term of the tenancy agreement and is currently holding more than 575,000 tenants’ deposits, equating to over £420 million.
The new guide will be distributed by NUS and is available to download from The DPS’s website: www.depositprotection.com or accessed here: https://www.depositprotection.com/WebContent.ashx?docid=8c898ec3-a170-4581-93f3-889b289e5657