Tenants and landlords 'are aware of TDP rules'
Published: 19-Sep-2007
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Both landlords and tenants have become more aware of new tenancy deposit protection (TDP) over the summer months, a new study has suggested.
The Tenancy Deposit Scheme cited two new studies which suggested that awareness of about the rules was steadily increasing.
Letting agents said that 63 per cent of landlords now knew about TDP and about half of tenants seemed knowledgeable about the rules.
When landlords themselves were questioned the results were even more positive - with 90 per cent claiming to be fully aware of their mandatory requirements.
"Although many tenancies are arranged for an initial six month period, industry figures show that the average length of tenancies is now 18 months. The outcome from this would be a more gradual build-up in demand for dispute resolutions," explained Lawrence Greenberg, chief executiveof the Tenancy Deposit Scheme.
In August, the National Landlords Association claimed that three quarters of landlords were yet to register with a TDP scheme.
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