This TDS guide highlights best practice with the tenant in mind. The disputes TDS deal with often show that a poor quality inventory report is the source of the problem.
Producing reports that are clear and easy to understand with sufficient detail to explain things properly are much more likely to be understood. This means that justified tenancy deposit deductions are far more likely to be accepted by tenants.
A survey of 1,500 UK renters has revealed that three in ten tenancies do not benefit from a property inventory, leaving agents, landlords, and tenants more vulnerable to costly disputes further down the line.
Lettings agents must protect the interests of landlords, tenants, and their agencies, so understanding the basics of deposit protection is key and knowing the do’s and don’ts will help minimise disputes and reduce the risk of costly penalties.
Propertymark continues to assert there is no advantage to introducing rent controls and urges Scottish Ministers to properly evaluate the evidence both from UK and across the world. Whilst formulating our response to the most recent engagement questionnaire we hosted a roundtable with members and Scottish Government officials where the strength of feeling from agents was clearly communicated.
Letting agents and landlords will be familiar with this phrase, however grasping the meaning and recognising the limits of this term can often be a disputed topic, particularly when making a deposit deduction.