When tenancies come to an end, landlords are obliged to return your deposit as long as the tenancies have run smoothly. However, they are able to claim for deductions if they feel you have breached the terms set out in your contract/tenancy agreement or if there is a complaint due to any damage to furniture, fixtures or fittings.
How To Avoid Tenancy Disputes As Tenants:
- Keep property clean and tidy. It’s better to do much rather than not enough!
- Focus your attention on cleaning the most frequently used areas
- Bring any maintenance issues to our attention as soon as possible
- Thoroughly check inventory at start of your tenancy to ensure its accurate
- Understand what can be deemed as fair wear and tear
- Look into Tenancy Liability Insurance to cover you against accidental damage
If you pull out of the transaction after making a formal offer, you will lose your holding deposit. However, if landlords pull out or doesn’t accept, then you will receive your money back in full.
Scenarios To Avoid To Prevent You Losing Your Deposit:
- Withdrawing from the process
- Failing a reference check
- Providing false information e.g., incorrect salary
- Failing to take steps into entering the tenancy agreement.