A Landlord’s Guide To Deposit Dispute

There is nothing more difficult for a landlord that the unenviable task of having “that talk” when not refunding a full deposit. Who could ever enjoy that part of the rental process?

Landlord's Guide To Deposit Dispute

Image Credit

Deposit disputes can be easy to eliminate with preparation.

Any deposit scheme is designed to protect the seller and their goods, ensuring safe return. In this case, the landlord, is the seller, aiming for safe return of the property in good working order. General wear and tear aside, a property free from damage, destruction or the wielding of bright pink paint on the property’s walls is the desired outcome. Yes, bright pink was thought acceptable by a tenant once upon a time!

If you want to eliminate disputes, property inventory software could make all the difference. An electronic software system, it includes images and text combined, going into far more detail than the written words of a contract or, the ticking of several boxes on an inventory sheet.

Eliminating landlord deposit disputes is simple: be prepared. Remember, this is a legal and binding contract between you and your tenants. Getting it right first time is imperative to a successful agreement and its closure once you part ways. For useful contract provisions, no matter what the type of agreement, check out the government website athttps://www.gov.uk/private-renting-tenancy-agreements.

Deposit disputes

Image Credit

Ditch the heavy workload.

As a landlord, your workload can be deemed a heavy one at the start of any tenancy agreement. Taking the pain away can be easy if you invest in a suitable, simple to use electronic-based system. No printing required, it’s all at your fingertips, enabling both landlord and renter to efficiently agree on the property’s inventory at the beginning and end of the agreement. It can and has, saved the pain of later disputes and tough discussions. A picture paints a thousand words they say. Further information can be found at vendors’ sites such as https://inventorybase.co.uk/.

Given that a tenancy agreement can vary in length, it is wise to ensure that both parties are fully aligned from the outset. With increasing pressure on landlords, any simplification and reduction in the administrative burden can only be of benefit.

The key to avoiding deposit disputes is thus inventory alignment. Record and agree at check-in. At the conclusion of the agreement, a simple check-out to ensure both parties are aligned.

Leave a Reply