25 May 2011
my|deposits, the tenancy deposit protection scheme, is reminding university students how to get their deposit back and avoid a dispute with their landlord when they move out of rented accommodation for the summer.
More than one million students rent in the UK, and most will vacate their rental properties for the summer break from university.
A disagreement over cleaning and damage to property are the most likely causes of a dispute. But students can take some simple steps to avoid potential problems.
Eddie Hooker, CEO of my|deposits, commented:
“It is in the interests of both the tenant and the landlord to avoid a dispute over the deposit, and by following these simple steps, both can often come to an agreement over the deposit refund.
“my|deposits is always available to give advice to students, and our online guide contains important information on dispute resolution and fair wear and tear.
“For landlords, we are the only scheme designed specifically to allow them to control the deposit throughout the tenancy, meaning in most cases they don’t have to involve us at the end of the tenancy.”
For more information about my|deposits and tenancy deposits, visit www.mydeposits.co.uk or call 0844 980 0290.
For further information, please contact:
T: 020 7840 8925
M: 07508 031 084
NOTES TO EDITORS:
Mydeposits is the trading name of Tenancy Deposit Solutions Limited, a company jointly owned by the National Landlords Association and HFIS plc T/A Hamilton Fraser Insurance (the Scheme Administrator) to deliver an insurance-backed tenancy deposit protection scheme under contract from Communities & Local Government. Landlords and letting agents wishing to use this scheme are required to register with the Scheme Administrator. They can find out more and register by visiting www.mydeposits.co.uk. Registered members of the Scheme are able to protect and unprotect deposits at the beginning and end of tenancies. Fees are tax-deductible. In the event of a dispute at the end of the tenancy agreement, both parties are offered access to alternative dispute resolution (ADR). This procedure will be evidence-based, relying on documentation and records.