Date lodged: 28 September 2016
To ask the Scottish Government what information it has regarding how much is held in tenancy deposit schemes that has not been reclaimed within one year of the tenancy ending; what it expects the amount will be in (a) 3, (b) 5, (c) 10, (d) 15 and (e) 20 years, and what the legal position is regarding how this unclaimed money can be used.
Answered by: Kevin Stewart 12 October 2016
The Scottish Government does not hold information on the current or expected future value of deposits remaining unclaimed more than one year after the tenancy end date.
Scheme administrators are required to hold a tenant's deposit in a designated account until it falls to be repaid. There are strict conditions for withdrawal of sums from these designated accounts. Nothing in the scheme rules provides for unclaimed money to be paid to anyone.