McCausland encourages students to ensure their tenancy deposits are protected

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Thursday, September 25th, 2014
Community
Social Development Minister Nelson McCausland has encouraged students to ensure their tenancy deposits are protected as they begin the new academic year. The Minister was speaking as officials from his Department begin a number of awareness sessions throughout campuses during September and October alerting students to his Department’s Tenancy Deposit Scheme regulations. The scheme, which was introduced in April 2013, requires private landlords to protect a tenant’s deposit in a Tenancy Deposit Scheme. It was introduced to make sure tenants get their deposit back, if entitled to, at the end of the tenancy. Minister McCausland said, “Many students will have recently taken up tenancies with a private landlord. I would therefore encourage all of them to check that any deposit they have paid is protected. “The law requires a private landlord who has taken a deposit to protect it in an approved scheme within 14 days of receiving it and notify the tenant within 28 days of receiving it where, and how, that deposit has been protected. “If the required information is not provided to the tenant, they should report it as soon as possible after the 28 day period to the Environmental Health Department at their local council. The Minister continued, “The experience of most private housing tenants is positive. However, one of the most common difficulties that arise is around the return of tenants’ deposits and the disputes that can follow. “The Tenancy Deposit Scheme will reassure tenants that their money is safe. To date, over 25,000 deposits have been protected amounting to over £14million. I would therefore encourage students, and all those who rent in the private rented sector, to ensure that their landlord has the same protections in place for them.” More information is available at http://www.nidirect.gov.uk/tenancy-deposit-scheme.

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