Monday, 10 August 2015

Avoid Deposit Disputes With Your Tenants

Most tenancies end without any major problems, however occasionally some do end with a dispute over the amount of the deposit to be kept by the landlord.

The purpose of the rental security deposit is to pay for repairs in the event that there is damage to the property beyond wear and tear from normal use caused by the tenant during their stay.

Often landlords managing their own property do not keep a complete record of the state of the property when tenants first move in. Therefore when the tenant moves out, there is no way to quantify the extent of the deterioration and how much the landlord is justified in deducting should there be a dispute.