Lowdown for Landlords
Tue 29 Apr 2014
What happens at the end of the tenancy if my property has been damaged?
If your property is professionally managed, then your property manager will handle this difficult process on your behalf. If your property isnt, then you should compare the end-of-tenancy-check-out report with the original check-in report to ascertain the damage caused during the tenancy. Once the damaged areas or items have been identified, you should obtain at least two (ideally three) quotes for remedial works, which will determine the overall costs. The proposed deductions against your tenant's deposit should be presented to them as soon as possible and at this stage, you should be prepared to negotiate. You will need to take into account the length of tenancy as well as "fair wear and tear" and as a landlord; you should avoid "betterment" which is being in a better position, financially or materially at the end of the tenancy compared to the start. If negotiations with the tenant reach a stalemate, you can approach the relevant scheme with which the deposit (TDS or similar), who will arbitrate on the matter and propose a fair resolution for the amount disputed.