'Meet with your tenant at end of tenancy' advises Chief Exec

Landlord Expert
By Landlord Expert October 25, 2010 10:11

Landlords have been handed advice on how to avoid disputes over deposits with their tenants.

Eddie Hooker, chief executive of mydeposits.co.uk, suggested landlords meet with tenants when they are moving out of a property.

He stated that this means they can discuss any potential problems with the state the residence is being left in and how this will affect the repayment of the deposit.

"The good news is the vast majority of tenancies end without problems at the end of the lease, with no dispute raised. Communication between both parties is the key," he said.

Mr Hooker added that by taking the step to meet on the day the tenant is moving out, the landlord can avoid the process dragging on and can repay the deposit quickly, avoiding any complex and stressful disputes.

Nigel Terrington, Paragon Group chief executive, recently described the private rented sector as buoyant and said the future looks strong for residential landlords.

Landlord Expert
By Landlord Expert October 25, 2010 10:11

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