Consumer: Students most likely to lose home rental deposits

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Students are twice as likely as other tenants to lose part of their housing deposit.

The Deposit Protection Service is warning students who moving into rented accommodation that they must act now to ensure their deposits are returned at the end of the year.

The DPS’s records show that just 27 per cent of students get back 90 per cent or more of their deposit, compared to 57 per cent of other tenants.

Julian Foster, managing director, said: “As well as asking their landlord to confirm where their deposit is protected, taking simple steps such as checking household inventories and communicating regularly with landlords can help ensure that deposits are returned in full. Deposit protection means both landlords and tenants can have peace of mind that the money is safe – and that there is a free, impartial adjudication service if the tenancy ends in a dispute.”

The DPS has issued 12 top tips and created a video of the risks. Visit cpu.vg/studentvideo