Half a Billion Pounds and Rising - Growth in Protection and Resolution From the Tenancy Deposit Scheme.

LONDON, March 4 /PRNewswire/ -- Half a billion pounds in tenants' deposits has been safeguarded by the Tenancy Deposit Scheme in less than a year since deposit protection and Alternative Dispute Resolution became mandatory.

The Tenancy Deposit Scheme released this figure while there are five weeks to go before the first anniversary of mandatory operations. By March 1, the Scheme covered nearly 450,000 tenancies, housing close on 700,000 tenants in property owned by 335,000 landlords. These figures are rising by an average 7.5% a month.

During 2007, an average of 127 ...

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