Research undertaken by my|deposits, the tenancy deposit protection (TDP) scheme providers has highlighted the importance of open dialogue between landlords and their tenants at the end of the tenancy, according to a report in the Landlord Buy to Let magazine.
The article reports that in the last year 30 per cent of deposit disputes notified to the scheme didn’t progress to a formal adjudication due to landlords and tenants being asked to discuss the issues first.
Legal Services Manager at my|deposit, Tim Frome said “These figures help show the value of sitting down, talking to your tenant and explaining the reasons for your proposed deductions to the deposit” adding “it’s always worth trying to negotiate as using the Schemes formal dispute resolution process can take time.”
In recent blogs we highlighted the findings of a recent survey about the importance of landlords inviting tenants to their inventory ‘checkout’ as well as undertaking a full detailed written inventory prior to tenants moving in. You may also like to check out our deposit and inventory guides in our landlords Tips and Guides section. Click4quote.com can also provide landlord insurance which can include malicious damage and accidental damage by tenants. For more information and to get a quote visit our website today.