The Deposit Protection Service (The DPS) has revealed that people worry most about changing their billing address when they rent a new home.

A survey found that 36% of new tenants panicked over remembering to change their phone, gas and electricity bills to their new address.

A further 29% said they lost sleep worrying about packing and unpacking, while one in five revealed that the prospect of moving furniture gave them a headache.

Kevin Firth, Client Services Director at The DPS, warns that tenants must make time to talk to their landlord or agent: “Anyone who has ever moved home knows that it’s a stressful time – one tip to give tenants peace of mind is to ensure that their landlord has signed up to a tenancy deposit protection scheme.”

Tenancy deposit legislation, which was introduced last April, requires landlords to sign up to a scheme or risk a fine of up to three times the deposit amount.

The Deposit Protection Service, the only custodial scheme, protects the tenant’s deposit on behalf of the tenant and landlord, and returns the money to whoever is entitled to it at the end of the tenancy, with interest. Landlords and tenants have already been handed back more than £2.5 million in interest.

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