With­held de­posits cost ten­ants £1.1bn

Yorkshire Post - Property - - PROPERTY -

TEN­ANTS have lost £1.1bn in the past three years, av­er­ag­ing £367m per year, as a re­sult of de­posits be­ing with­held.

Ac­cord­ing to Fin­daProp­erty, 40 per cent of ten­ants in the last three years have lost some or all of their de­posit, with the amount av­er­ag­ing £313 per ten­ant. One in five said they had had more than £500 with­held.

One-fifth of ten­ants claim they were pe­nalised be­cause of dam­age caused by pre­vi­ous ten­ants, and 10 per cent re­sorted to le­gal ac­tion to try to re­cover with­held de­posit money.

The most com­mon rea­son for de­posit monies be­ing with­held was to cover the cost of clean­ing (37 per cent) and dam­age to car­pets and cur­tains (21 per cent).

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