July 30, 2024

Survey Reveals Misleading Statistic: 6% of Tenant Deposits Unprotected, Exposing Landlords to Fines

Survey Reveals Misleading Statistic: 6% of Tenant Deposits Unprotected, Exposing Landlords to Fines

The headline number reported from the survey claims 19% of tenant deposits aren’t properly protected. However, this figure is misleading as it includes 13% who were “unsure”. The actual 6% of unprotected deposits is still significantly high, potentially subjecting landlords to fines and challenges in regaining possession.