Tagged: Deposit Protection

Last quarter of 2014 sees rise in average rental deposits

Last quarter of 2014 sees rise in average rental deposits

Between the third and fourth quarters of 2014 the average deposit amount protected by mydeposits rose by 1.4%. This equates to an average tenancy deposit of £1,226, up £52 over the last year. Surprisingly...




Landlords and tenants failing to submit deposit dispute evidence

Landlords and tenants failing to submit deposit dispute evidence

Many landlords and tenants are failing to submit evidence in the required time scales when caught up in security deposit disputes. According to the Deposit Protection Service almost 18% of landlords and 23% of...




Court of Appeal rules on tenancy deposit case

Court of Appeal rules on tenancy deposit case

Long-standing tenancies could be impacted by a new Court of Appeal decision. Although tenancy deposit regulations do not require landlords to protect deposits taken before April 2007 the court ruled that the Housing Act...




Over 1/3 of disputes settled without the help of the legal system

Over 1/3 of disputes settled without the help of the legal system

A new report conducted by My Property Inventories, revealed that in the last year, only 10% of landlords have been involved in a tenant dispute.  Of those, 66% opted to settle the dispute in court,...




Average increase of tenancy deposits up by 11%

Average increase of tenancy deposits up by 11%

The latest data published by mydeposits shows that the average residential tenancy deposit in England and Wales has increased by 11% over the last year. The figures also show that a difference between the...




Some landlords unrealistic at end of tenancies

Some landlords unrealistic at end of tenancies

The latest findings from the Association of Independent Inventory Clerks (AIIC) show that some landlords and letting agencies are still pushing for ‘Betterment’ at the end of tenancies. Simply put, the betterment principle means...




Official code on lettings published

Official code on lettings published

Endorsed and commissioned by the UK Government, a new code has been published for the private rented sector. While parts of the code relate to mandatory legislation, most of the code sets out a...




Housing minister to unveil new code for the private rented sector

Housing minister to unveil new code for the private rented sector

The UK housing minister, Brandon Lewis, will today unveil a new code for the private rented sector designed to provide guidance on how to achieve high standards. Aimed particularly at new and inexperienced landlords,...




34% rise in tenancy deposits since launch of deposit protection scheme

34% rise in tenancy deposits since launch of deposit protection scheme

Figures recently released by my|deposits show that the average deposit in England and Wales has increased by 34% since the launch of tenancy deposit protection in 2007. The region with the most expensive average...