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Renting A Guide To Renting Property

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Contents:

Date Published:
27/05/2008
A row of pink and white terrace houses

Deposits

Always a tricky subject. Deposits are usually about four to six week's rent, required to be paid in advance of moving into a property. It covers any damage you may inflict on the property or non-payment of rent. What is considered as damage on a property can often become a shady area. Twenty percent of tenants say they have suffered from landlords withholding their deposit with no valid reason

To shed some light on this often problematic part of renting, and to avoid any future problems in claiming back your deposit, the first essential step is to agree on an accurate inventory. If the landlord hasn't prepared one, draw one up yourself and get them to sign it. It should include a list of all the furniture and other items that belong to the property and their conditions. This way you can be sure if you're responsible for the red wine stain on the cream carpet found under a strategically placed sofa.

At the end of your tenancy after an inventory check and condition inspection, if there are no missing items or damage, your money should be returned in full after you leave the property. You cannot set your deposit against the last rent payment due.

Until now there have been no official schemes to support tenants who have had their deposits unfairly withheld. If a landlord persisted in refusing to return a deposit, the main option was to use the small claims procedure in the county court to try and get it back.

However, last year the government came to the aid of tenants when they introduced The Housing (Tenancy Deposit Schemes) Order 2007, which was an amendment to Schedule 10 of the Housing Act 2004.

This Order led to the introduction of Tenancy Deposit Protection (TDP), which started on 6 April 2007, and now applies to all assured shorthold tenancies (ASTs) in England and Wales. These schemes aim to safeguard tenants' deposits once they have been handed over, and also provide assistance in resolving any disputes between tenants and landlords. For more information on how Tenancy Deposit Protection works, visit here.



Find your nearest Citizens Advice Bureau:
www.citizensadvice.org.uk/cabdir.ihtml

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www.adviceguide.org.uk

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  1. One major issue is the use of holding deposits by letting agents. these holding deposits are non refundable even though at the stage of giving the deposit you will not be in position of a letting agreement. Which is as important as the condition of the property. the letting agent will usually use the excuse that the deposit is because they are holding the property for you but they seldom if ever remove it and will continue to take viewings up until you sign the lease. the other issue is that if the letting agent decides that you are not suitable to rent they keep your deposit. this is particurarly open to abuse if more than one person is looking at the same property.
    Posted by Tom on 27/08/2009 19:46:24
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  2. WHAT TO DO WHEN I RENT FOR MY LANDLORD AND THE HOUSES IS BEING REPOSSESSED? AS SHE SAID IT HAS NOTHING TO DO WITH ME, WHAT CAN I DO LEGALLY?
    Posted by Xzilda on 24/11/2008 13:46:33
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