Landlords should wish to ensure they protect their tenants' deposits following advice from the housing charity Shelter.
Principal solicitor at Shelter John Gallagher said during a BBC Money Box podcast that this ought to be done within 14 days of receiving the money.
He noted that last year, Shelter dealt with 4,000 cases where tenants had either not been notified that their landlords had protected their deposit or situations when this did not occur at all.
He added: "This is only discovered when it comes to the end of the tenancy and that's where the problem comes into place."
"There is no penalty for the landlord not protecting the deposit" at this time, Mr Gallagher continued.
You can find information about Government backed schemes here:
Unpaid rent and cleaning costs are the most popular reasons for landlords to withhold this money, recent research from mydeposits.com indicated.
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