Tenancy Deposits: Be a Pro

No one likes dealing with complaints, but more tenants than ever are complaining about problems with their deposits. Calls to Shelter’s housing helpline have shot up by over 80% in the last two years and now account for one in every twenty calls.

It’s understandable perhaps when you consider that the average deposit on a privately rented home is now £979 (DCLG figures). At a time when more people than ever are struggling to make ends meet this is a lot of money to put at risk.

Disputes over deposits at the end of a tenancy can be an ordeal for both landlords and tenants. However, deposit protection schemes, such asmy|deposits, can help resolve such disagreements, improving landlord and tenant relationships and raising professional standards in the private rented sector.

Read the full story at National Landlords Association Blog

 

RentPro property management software lets you easily record when a deposit has been paid and also that it has been lodged with a deposit protection scheme.

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