Tenants Losing Loads Of Money On Withheld Deposits
For the past three years tenants in the UK have lost around £1.1 billion or an average of £367 million per year. In other figures, 40% of the tenants have lost a part of or in some cases all their deposit.
Most often the deposit was withheld after the conducting of the inventory London check out report when new damages of the property were included. The most common reason for deducting money from the deposit was for covering the cost for cleaning, others were withheld for repair or replacement of damaged furnishing or appliances.
10% of the tenants took legal action in order to receive their deposit back.