Home  Private Rental Sector  Loss of tenant deposit mainly caused by furniture damage

Loss of tenant deposit mainly caused by furniture damage

Reading Time: 2 Mins Read

Damage to furniture has been revealed to be one of the main reasons for a landlord to deduct funds from a tenant’s deposit at the end of a tenancy.

Loss of tenant deposit mainly caused by furniture damage
According to a new study, at least 29% of tenants lost some of their deposit because of damage to furniture, such as broken chairs, desks or door handles.

Meanwhile, 24% of tenants experienced deductions to their deposit due to marks on the wall, and 21% had money deducted from their deposit to pay for stains on the carpet.

There is always potential for a dispute between tenants and landlords when it comes to the deposit. In order to minimise the risk of a dispute developing, landlords are advised to make sure they have a full and professional inventory drawn up at the start and end of the tenancy.

However, the deposit should be held in a tenancy deposit protection scheme. The schemes available to landlords are: Deposit Protection Service, MyDeposits, and Tenancy Deposit Scheme. Landlords and potential landlords can find out more about these schemes here.

In light of the importance of inventories for both landlords and tenants, a petition has recently been set up which is calling on the government to make independent inventory reporting compulsory. The Association of Independent Inventory Clerks is asking letting agents and landlords to sign the petition at a time when the government is already making changes to the way in which the industry is regulated.

For more information, click the link below:

Landlord Today 

Neil Jennings

Neil background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.

Related Post

Which repairs are a landlord’s responsibility – and which are a tenant’s?
Updates: 5 Mins Read
Which repairs are a landlord’s responsibility – and which are a tenant’s?

If you are new to renting out property, find out exactly which repairs are a landlord’s responsibility, and which need to be carried out by a tenant.

How to protect yourself when evicting a tenant from your rental property
Updates: 6 Mins Read
How to protect yourself when evicting a tenant from your rental property

If you want a tenant to leave your property for whatever reason, there are steps you need to take to stay on the right side

20 ways to minimise tenant turnover costs
Updates: 5 Mins Read
20 ways to minimise tenant turnover costs

For landlords, the period between tenancies can be costly in terms of lost revenue and property maintenance. Read our 20 tips for keeping good tenants long-term – and keeping costs to a minimum.