Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Thursday, October 04, 2018

1 in 5 students lose part of their deposit

The Deposit Protection Service (The DPS) has said that one in five (22%) students lost part of their tenancy deposit when they left their accommodation at the end of the last academic year.

Cleaning (63%) is the most common reason for landlords to keep part of the deposit, followed by damage to property (54%), redecoration (37%), rent arrears (23%), gardening (16%), replacing missing items (16%) and paying outstanding bills (4%).

Tips on how students can increase their chances of retaining their deposits.

1. Make sure your landlord protects your deposit with an authorised deposit protection scheme.
2. When you move in, agree an inventory with other tenants and return it to your landlord.
3. If the landlord is unknown to you, make sure you check their name against your university or student union’s list of approved landlords.
4. Remember every tenancy agreement can be different: make sure you read yours and understand your rights and obligations.
5. Record all communication with your landlord in writing, particularly any agreements you make, follow up phone calls with what was agreed by email.
6. Keep copies of any documents, receipts and email correspondence relating to your tenancy.
7. Report any defects with the property promptly and in writing, including the cause of the problem when you can.
8. If you ever take photos of problems in the property, make sure they are date stamped.
9. Remember your obligations as tenants are likely to be what are known legally as “joint and several”: if one individual tenant does not accept personal responsibility when something goes wrong, such as a breakage, then it becomes the joint responsibility of all the tenants.
10. Remember most tenancy agreements stipulate that tenants are liable for damage to communal areas as well as within your own room.
11. Remember liability generally extends right until the end of the tenancy: if you move out before other tenants, you could remain jointly responsible for the property.
12. Attend the checkout inspection at the end of your tenancy and take your own photographs if necessary.

 “Like anyone renting accommodation, students must act responsibly during their tenancies and be aware of both their rights and responsibilities.

If their deposit is protected, our free Dispute Resolution Service can ensure that they can challenge any deduction they consider unreasonable, and that an independent adjudicator will consider their evidence before making a decision.

The system also gives landlords a chance to reclaim any costs created by the behaviour of their tenants, so student renters should think and act in a way that prevents damage or other losses from the very first day of their tenancy – not just towards the end of the academic year.”

comments Julian Foster, Managing Director at The DPS.

 Take advantage of our discounted landlord insurance rates

No comments: