The latest articles relating to the private rented sector
Wear and tear is inevitable in rental properties, so clearly understanding what "fair wear and tear" means is essential for landlords and tenants. But what exactly constitutes "wear and tear" versus "damage caused by tenants?" Here, NRLA partner the Tenancy Deposit Scheme (TDS) looks at this common landlord problem.
A tenancy deposit, sometimes called a security deposit, is a landlord's insurance against damage, loss of rent or cleaning bills. Landlords must, by law, place their tenants' deposit in a tenancy deposit protection (TDP) scheme within 30 days of receiving it if the property is rented out on an assured shorthold tenancy. Rentguard tells you everything you need to know about deposits and tenancy protection.
