Deposits
2010
After finding their desired rented property through an advertisement or with the help of Leeds letting agents, the new tenants will meet the landlord and begin to sort out the important legal and monetary factors. One of the most important is the deposit, which safeguards the landlord but is also protected for the tenant.
The basics
The deposit acts as a safety net for the landlord in case of damage to the property, unpaid rent, unreturned keys, or any replacements the landlord is required to make in the event of poor maintenance of the property. In most cases this is a formality, and sensible tenants will always have their deposit returned at the end of their tenancy. The deposit amount depends on the landlord and location, but is often a month’s rent, or otherwise between £100 and £300.
Deposit protection
People who are renting their first property, such as cosmeticdentistryguide.co.uk/teethwhitening.html, are particularly vulnerable to unscrupulous conduct from an unsatisfactory landlord. By using trusted letting agents or landlords this can usually be avoided, but the Tenancy Deposit Protection schemes are in place to further minimise the risk of landlords keeping a deposit without due cause. Your deposit must now be placed under an independent scheme authorised by the government, meaning that the landlord does not have full control over the money. If there is a dispute over the deposit, a nonpartisan mediation is instigated to judge the rights and wrongs of the matter and pay out the money accordingly.