This blog follows the property market in Southampton. You'll find tips, guidance, and analysis that relates specifically to Southampton and you'll also find properties from all the estate agents in the town on here that may make decent investments. I own and operate Belvoir Lettings, a Southampton Letting Agent, and if you're thinking of buying a property to let in Southampton, I'm happy to offer a second opinion.
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Thursday, 13 August 2015
Communication key to deposit disputes
Recent research from tenancy deposit protection scheme My Deposits has highlighted the importance of good communication between landlords and tenants at the end of the tenancy.
In the last year 30% of notified deposit disputes didn’t proceed to a formal alternative dispute resolution adjudication by the scheme which can partly be attributed to landlords and tenants communicating first.
Tim Frome, legal services manager at My Deposits said: “Whenever we receive notification from the tenant of a potential dispute we always recommend they speak to their landlord first. These figures help show the value of sitting down, talking to your tenant and explaining the reasons for your proposed deductions to the deposit can help lessen the likelihood of a formal deposit dispute. It’s always worth trying to negotiate as using the scheme’s formal dispute resolution process can take time.”
Frome went onto remind landlords that the deposit, by law, is the tenant’s money.
“If the tenant doesn’t agree with your deductions then they have the right to raise a formal dispute with their deposit scheme to reclaim the deposit money.”
https://www.landlordtoday.co.uk/breaking-news/2015/8/communication-key-to-deposit-disputes
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