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Dos and Don’ts of Deposit Protection
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.
Adding to an existing deposit
It's important to note that adding money to an existing tenancy deposit should be done in consultation with the tenant and in compliance with current legislation and guidance from your registered deposit scheme partner(s).
Deciphering the difference between fair wear and tear and tenant damage
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.
Importance of documenting tenancy cleaning responsibilities
Among the top sources of conflict at the end of a tenancy is cleaning, which accounts for the majority of disputes between tenants and landlords, a substantial 56% of all cases across the UK.