Tenancy deposit poll – Wales comes out on top

by Property 118

11:17 AM, 29th January 2014
About 7 years ago

Tenancy deposit poll – Wales comes out on top

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Tenancy deposit poll – Wales comes out on top

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.

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

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