Tenant property damage costs Landlords £4.5 billion a year

UK Property Investors spend a massive £4.5 billion a year repairing properties damaged by tenants according the The Tenancy Deposit Scheme (TDS)

This is includes broken appliances, damage to decorations and cigarette burns in carpets and furniture even though rental agreements have a no smoking clause. Rent arrears add another £900 million to landlords costs impacting return on investments.

56% of disputes between landlords and tenants are due to damage resulting in 61% of cases splitting the costs 50:50.

Many disputes could be avoided by landlords ensuring a accurate and detailed condition of the property is made with a full inventory when tenants check in. It is also strongly advised to have mid term and yearly inspections to catch any issues during the rental period.

Written by: Houseladder