Scottish tenant who forgot about his £5000 deposit!

Posted: 22/5/2017


You’d think you would know if you were missing £5,250 – after all, it is hardly small change.

Yet it took a tenancy deposit scheme over a year to track down the tenant who did not claim the money. Perhaps not surprisingly, the tenant was a corporate renter, with deposit and rent paid by their employer. But they didn’t seem to notice either.

The tenant moved out of the Edinburgh property last spring and it was only after repeated attempts by SafeDeposits Scotland to reach them by email, text and phone that the deposit was finally paid back to the employer.

Victoria Nixon, operations manager of SafeDeposits Scotland, said: “It’s astonishing that such a large amount could go unnoticed for such a long time. We’re relieved that it’s gone back to where it belongs.

SafeDeposits Scotland currently holds £604,513 in unclaimed money from 2,440 deposits.

In Scotland, only custodial deposit schemes are allowed to operate, so the money is physically held rather than covered by insurance.

If you are a landlord, you MUST protect your tenant's deposit. We do that as part of our letting and mangement service.

Back to News

 Click here for a competitive quote for Landlords Insurance  property-ombudsman NI Tourism Certified Accommodation to Rent