Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Tenants Donate £500,000 to Centrepoint via mydeposits Scheme
Tenants using the mydeposits custodial deposit protection scheme have donated approximately £500,000 to the Centrepoint homelessness charity. The donations were made through an interest donation option, allowing tenants to contribute the interest accrued on their protected deposits to Centrepoint at the end of their tenancy.
This initiative highlights a way for tenants to support homelessness charities through the deposit protection process. Letting agents and inventory clerks may wish to note the growing impact of such schemes within the UK rental sector.
Source: Letting Agent Today