Tenants unhappy over withheld deposit money
Tuesday 10th July 2012
Tenants have lost £1.1bn in the past three years, averaging £367m per year, as a result of deposits being withheld.
According to FindaProperty, 40% of tenants in the last three years have lost some or all of their deposit, with the amount averaging £313 per tenant. One in five said they had had over £500 withheld.
One-fifth of tenants claim they were penalised because of damage caused by previous tenants, and 10% resorted to legal action to try to recover withheld deposit money.
The most common reason for deposit monies being withheld was to cover the cost of cleaning (37%) and damage to carpets and curtains (21%), while 19% of charges related to marks on the wall and 13% to poor garden maintenance.
A disgruntled 43% of tenants who have had deposit funds withheld say the amount of money deducted was considerably more than it would have cost to fix the problems.
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Editorial Contact Details - Rosalind Renshaw