As part of the Housing Act 2004 the Government is introducing
tenancy deposit protection for all assured shorthold tenancies (ASTs)
in England and Wales where a deposit is taken. From April 6th 2007, all
deposits paid under an AST have had to be protected within 14
calendar days of receipt by the landlord.
The legislation aims
to ensure that tenants who have paid a deposit to a landlord or letting
agent and are entitled to receive all or part of it back at the end of
that tenancy, actually get it.