£926k worth of tenancy deposits stolen in 2017

02 January, 20180 Comments
Fresh analysis from the industry reveals that rogue letting agents were convicted of stealing just over £926,000 worth of tenancy deposits last year. Deposit-free renting firm Dlighted, who keep a running total of the cash value of deposits criminal letting agents have been convicted of stealing, reports that by the of the final quarter of
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Increase in private tenants looking to protect their deposit from accidental damage charges

15 August, 20170 Comments
As the amount of private landlords deciding to ditch taking deposits increases, Tenant Referencing UK thought it the ideal time to look into why this is and attempt to bridge the gap to enable a smooth tenancy for all parties involved. We caught up with MyDeposits and asked: What does a deposit actually cover a private tenant for?
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12 May, 20170 Comments
As we enter our 8th year in business, we just wanted to say a big THANK YOU to everyone who has been joining, referencing, letting their property, obtaining rent guarantee insurance, posting in the forums and generally spreading the word about our proactive website. Because of YOU’s website traffic now ranks higher than
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What to consider when calculating “fair wear and tear”?

14 June, 20160 Comments
For a long time, fair wear and tear has been a grey area for landlords and letting agents alike; this is because it tends to vary from case to case, due to factors such as what the condition the property was in before the tenancy began, and the expectations regarding the level of normal usage
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Do you have a formal tenancy agreement in place?

07 April, 20161 Comments
Worrying data has emerged from a mainstream landlord insurance provider that one in 10 private landlords have no formal tenancy agreement in place. Direct Line for Business’ research has also uncovered: 58% of landlords without a letting agent have adapted tenancy agreements from old agent contracts, 38% have adapted agreements from other landlords, 20% have
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Increase in landlords claiming on their insurance due to deposit disputes

06 April, 20160 Comments
Latest figures released by the TDS show that deposit disputes are at their highest level since records began, 7 years ago; meaning that more and more landlords are having to claim on their insurance. TDS data shows us that damage, cleaning and redecoration are the most common reasons given for a tenancy deposit dispute, where
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MyDeposits launch new custodial deposit protection scheme today

01 April, 20162 Comments
Today we welcome a new custodial service launched by MyDeposits, the leading tenancy deposit protection scheme. Available for landlords and letting agents, the new free-to-use system now means that deposit money is held by the scheme itself for the duration of the tenancy which are funded by interest made on the deposits. Eddie Hooker, MyDeposits CEO, said:
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MyDeposits Photographic Evidence Guidance

14 March, 20161 Comments
Supporting your dispute claim with photo and video evidence. Your free landlord guide contains: Formatting and scaling your images, Prove the authenticity of your images, Ensure that they are relevant to your claim. Submit your details to receive your free guide today by clicking here. Related topics: MyDeposits Landlord Lifecycle My Deposits Guide to Understanding Damp
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