Sometimes a five week traditional deposit alone doesn’t provide landlords with enough protection against unanticipated damage. Imagine a situation where your tenant leaves the property in a bad state with incomplete cleaning, gardening and excess damage. Landlords could be out of pocket thousands of pounds for months whilst they try to pursue the tenants through the courts or through lengthy and time consuming insurance claims. We’ve found that it takes the average landlord two months to be paid out for any end of tenancy charges.
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