The latest Tenancy Deposits Digest, published by my|deposits.co.uk, for the third quarter of 2014 shows a significant increase year-on-year in tenancy deposit values across England and Wales.
Key highlights from the whitepaper:
- deposits up by 11% or £121 compared to same period last year
- the average tenancy deposit protected by my|deposits.co.uk is now £1,210
- key regions seeing a 19% rise in deposit values
- regional breakdown shows lowest average deposit of £593
With ever increasing deposits it means more and more money is at stake!
It is in the interest of both landlord and tenant to ensure that an accurate record of contents and the best possible evidence is obtained with regards condition prior to a tenancy starting.
The best way to achieve this is with a video inventory and schedule of condition report.