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I don’t want to lose my deposit – a must read for all tenants

I don’t want to lose my deposit – a must read for all tenants

I don’t want to lose my deposit – a must read for all tenants

When you rent a property through Knights Property Services you are required to pay a deposit, which equates to a month and a half’s rent.  This is a large sum of money that you don’t want to lose, which is why the fear of losing it is a major concern for many tenants.

“When you’re leaving a property you’ve been renting, the general rule is to leave it as you found it,” states Sally Lawson, President of ARLA Propertymark, the UK’s foremost regulatory body within the lettings industry.  Leaving the property as you found it is all we and our landlords ask, which is why we have put together some advice to help ensure your deposit is returned.

ARLA Propertymark has recently undertaken some research with regard to the loss of deposits, and their findings are really interesting.

Moving home can be exciting and stressful at the same time, and as your tenancy comes to an end you will be focused on getting everything packed and into your new home.  The idea of coming back to your old property to give it a deep clean could seem frustrating, but failing to do so could see you saying goodbye to that much-needed deposit.

Prior to any tenancy we make sure that your property is clean, and in many cases the landlords will organise for it to be professionally cleaned prior to your arrival.  We would advise that you take photos of the property at this stage to remind yourself of the condition your property needs to be returned to.  ARLA Propertymark found that a whopping 88% of letting agents stated that cleanliness was the main reason for a deposit not being returned.

If you don’t want to do the work yourself, why not hire a cleaner to ensure the property is left in the best condition possible?  This small investment would be extremely worthwhile when you think of the cost of losing your deposit.  We would always advise that you give the carpets a proper clean; you can hire a Rug-Doctor or something similar from most supermarkets, and with a little effort the carpets will begin to shine again.

When you let a property you are making it your home, and it is therefore your responsibility to maintain it.  We are not talking about repairs etc., but just general care, love and respect for where you live.  Gardens can often be neglected, therefore if you choose a property with a garden you need to make sure you are willing to undertake the regular maintenance such a wonderful addition to your property requires.

ALRA Propertymark’s research also identified these other common reasons for tenants losing their deposits:

  • Direct damage to the property and its contents
  • Unpaid rent at the end of the tenancy
  • Unwanted personal belongings left behind
  • Keys not returned at the end of tenancy
  • Unpaid bills at the end of the tenancy
  • Pest infestation

We don’t want any tenant to lose their deposit, so leave the property as you found it and your bank balance will be a lot healthier for it.

For more advice on renting a property, contact our lettings team on 01276 539111


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