Tag Archives: Tenancy deposit

Tenancy deposit poll – Wales comes out on top Landlord News, Latest Articles

Only nine per cent of tenants reported they’ve had deposit deductions proposed by their landlord or letting agent at the end of the tenancy in a poll* from tenancy deposit protection scheme mydeposits.

However, the poll showed that tenants in the Midlands and the South East of England were more likely to face a deduction to their deposit than other parts of the UK.

12% cent of tenants in the East Midlands and 11% in the West Midlands said their landlord or letting agent had proposed a deduction to their tenancy deposit. The next highest group to experience deposit deductions at 10% were in the South East.

However only 4% of tenants in Wales and 7% in the North East were likely to have deposit deductions made.

Most landlords or letting agents take a tenancy deposit to guarantee against financial losses should the tenant breach the terms of the tenancy agreement or damage the property. However, the deposit should be returned to the tenant at the end of the tenancy unless breaches or damages occur. The poll was conducted with 550 tenants with deposits protected across all of all the deposit protection schemes.

Confidence:
The findings also show that tenants in Wales were the most self-assured when it comes to discussing the return of their deposit at the end of the tenancy, with 39% saying they felt confident in approaching the issue with their landlord or letting agent. Tenants in the North East were the least confident with only a quarter 25% saying they felt confident discussing the issue.

Eddie Hooker, CEO, said,“although most tenants haven’t experienced deductions to their deposit at the end of their tenancy it seems that many still lack the confidence to approach the issue with their landlord or letting agent. In fact, even the most confident of tenants are in the minority when it comes to discussing issues over their deposit.

“It’s vital that tenants are both aware and informed about the law and their rights because deposit protection was introduced to safeguard their money, and they should have it returned in full at the end of the tenancy if they don’t breach any of their obligations.

“Tenants should visit our website’s which has a dedicated tenant’s section, containing information about their rights and downloadable guidance on how to avoid deposit deductions”.

*my|deposits Tenant Panel research, October 2013 – 550 online responses.

Region                   Had deposit deductions (%)                            Region                                         Confidence (%)

East Midlands                        12                                                    Wales                                                 39

West Midlands                       11                                                    East of England                                   33

South East                              10                                                    East Midlands                                     32

London                                      9                                                   South West                                         31

North West                               9                                                    South East                                          31

Y’shire & Humber                     9                                                    Y’shire and Humber                           30

South West                               9                                                     North West                                        28

East of England                         8                                                     West Midlands                                    28

North East                                7                                                      London                                              28

Wales                                       4                                                      North East                                          25

tenancy deposit


Landlords still not getting the inventory right Buy to Let News, Cautionary Tales, Landlord News, Latest Articles, Lettings & Management, Property News

With landlords continuing to come off on the wrong side of tenant deposit disputes, the Association of Independent Inventory Clerks have told landlords to shore up their claims.

During the fifth year of the Deposit Protection Service, only 16% of claims were given in the landlord’s favour. The AIIC believe this would change if landlords were better prepared, they’ve put together a checklist in a bid to turn the tide:- Continue reading Landlords still not getting the inventory right


Landlords face compulsory nationwide deposit protection Buy to Let News, Landlord News, Latest Articles, Lettings & Management, Property News

The countdown to nationwide tenant deposit protection is on as Scotland joins the scheme already running in England and Wales from July 2.

The Scottish Government has approved two more protection schemes, giving landlords and letting agents the choice of three. Continue reading Landlords face compulsory nationwide deposit protection


It’s love not war between landlords and tenants Buy to Let News, Latest Articles, Lettings & Management

Deposit protection keeper Steve Harriott is promoting a love-in between landlords and tenants over the myth that they are constantly at war over money.

After five years of tenancy deposit protection laws, only 1% of tenancies have issues over the return of deposits at the end of an agreement, revealed Harriott, chief executive of The Tenancy Deposit Scheme. Continue reading It’s love not war between landlords and tenants


Landlords claim deposit protection is rigged against them Buy to Let News, Latest Articles

Tenant deposit protection is rigged against landlords and letting agents – while a large number of tenants are unaware of the scheme, according to a new survey.

Landlords are overwhelmingly against deposit protection – more than half (54%) claim the scheme favours tenants and more than a third (35%) consider no one benefits from the laws. Continue reading Landlords claim deposit protection is rigged against them


Landlords and Tenancy Deposit Schemes – A rocky relationship? Buy to Let News, Latest Articles, Lettings & Management

With the tenancy deposit protection changes coming into force overnight, research by digital inventory platform Imfuna has found 0% of landlords questioned felt deposit protection schemes are designed in favour of landlords.

Over half of those questioned, 54%, believed they are designed to favour the tenant. Letting agents appeared to agree, 52% had tenants being favoured. Continue reading Landlords and Tenancy Deposit Schemes – A rocky relationship?


Landlords face tougher deposit protection rules Buy to Let News, Latest Articles, Lettings & Management, Property Market News

Landlords failing to protect a tenants buy to let deposit face tougher penalties under new laws that come in to force from April 6, 2012.

The government has closed holes in the tenancy deposit protection schemes after a number of high profile court cases slated the current rules as poorly drafted and impossible to police. Continue reading Landlords face tougher deposit protection rules


Landlord Legal Update – for the real Northerners (…Scotland) Buy to Let News, HMO's & Student Lets, Latest Articles, UK Property Forum for Buy to Let Landlords

Are you looking for a legal update in relation to landlord matters north of the border, in particular the tenancy deposit scheme? We’ve been regular readers and admirers of the Property118 blog for some time and have always had the strange idea that perhaps something was missing. We now think it might be the lack of blog articles from someone in Scotland. To those of you who don’t know, Scotland is that bit of Britain which is much further north than the area that everyone in London calls “the North”. As someone who lives in a place where Manchester is 200 miles to the south, I always find it highly amusing to hear Mancunians called “northerners”. Continue reading Landlord Legal Update – for the real Northerners (…Scotland)


Comparing Tenancy Deposit Protection Costs for Landlords Buy to Let News, Latest Articles, Property Market News

As a new tenancy deposit protection scheme opens for business, some landlords may be confused over the costs and benefits each offers.

To help compare the schemes with each other, here’s a look at the costs and some other important points to consider: Continue reading Comparing Tenancy Deposit Protection Costs for Landlords


Localism and Tenancy Deposits Buy to Let News, Guest Columns, Property Market News

As regular readers of P118 will know, the rocky road of tenancy deposits was pretty much a farce from its introduction in 2007 and has been right up to the present day.

I’ve been involved in housing law for most of my working life and I have to say I have never seen anything quite like it. The law unraveled faster than Jeffrey Archer in a witness stand. Continue reading Localism and Tenancy Deposits


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