Students ‘twice as likely as other private tenants to lose deposits’

Students ‘twice as likely as other private tenants to lose deposits’


Todays other news
Knight Frank, which founded OnTheMarket, has signed a three-year deal...
The former independent has three offices and manages over 700...
867,000 households headed by people aged 55+ are in the...
South East property group Beresford has secured sponsorship from Rightmove...


Students are considered to be almost twice as likely to lose their deposit at the end of a tenancy than any other renter in the private sector.

This analysis, from The Deposit Protection Service, says its records show that fewer than only 27.5 per cent of student receive 90 per cent or more of their deposit at the end of tenancies compared to around almost six in ten tenants nationally. 

“As well as asking their landlord to confirm where their deposit is protected, taking simple steps such as checking household inventories and communicating regularly with landlords can help ensure that deposits are returned in full” says Julian Foster, managing director at The DPS.

The need to clean the property after it has been vacated is the most common cause of deductions to tenancy deposits among students (32 per cent), followed by repairs (27 per cent), redecoration (20 per cent) and the replacement of lost or damaged items (19 per cent).

A DPS guide for students advises them to ensure they agree an inventory with other tenants before moving in (and take photographs to show the condition of the property), read and check their tenancy agreement, record all communications with agents or landlords in writing, report defects or problems promptly, and attend the check-out inspection at the end of the tenancy.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
867,000 households headed by people aged 55+ are in the...
David Adams, managing director of Chester family agency Cavendish...
It involves Strutt & Parker and its parent company BNP...
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
The removal of temporary rent controls may make buy-to-let more...
Recommended for you
Latest Features
Knight Frank, which founded OnTheMarket, has signed a three-year deal...
The former independent has three offices and manages over 700...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here