TENANTS are being urged to check as figures show that up to a million with combined deposits worth up to £1billion are missing out on deposit protection.

Petty’s, the residential sales and lettings agent with offices in Burnley, said the number of tenancies affected is likely to grow as the rental market soars.

It has been law for four years that landlords have to participate in either a ‘custodial’ or ‘insured’ tenancy deposit scheme and provide tenants with the relevant contact details.

These schemes were enforced to protect the tenant’s deposit and ensure that it is returned at the end of the rental agreement unless the landlord has a legitimate claim on it.

Simon Westwell, residential lettings manager with Petty Lettings said: “Many tenants are unaware of their legal rights and unfortunately these startling figures are showing that many tenants across our region are simply not protected. It is imperative that the tenant ensures their deposit is protected whether they apply through an agent or a private landlord.

“It isn’t just for peace of mind, it is also to benefit both parties should there be any form of disagreement encouraging swifter dispute resolution than via the more costly court route.”