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Less than 1% of tenancies end in a deposit dispute


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28 Nov 2018

Less Than 1% Of Tenancies End In A Deposit Dispute

 

Less than 1% of tenancies end in a dispute over the tenancy deposit, according to new figures.

 

The latest data from the Tenancy Deposit Scheme (TDS), showed that of the 3.7 million tenancy deposits currently held, only 31,865 ended in disputes in the year to March 2018 - just 0.85%.

 

The annual study showed that for the sixth year in a row, cleaning was the most common cause of tenancy deposit disputes, cited in 54% of all disagreements adjudicated by TDS in 2017/18.

 

This was closely followed by damage (49%), decoration (31%), rent arrears (20%) and gardening (16%).

The report, written by TDS chief executive Steve Harriott, showed that since 2010, there was a 26% rise in the average deposit value for England and Wales, growing £880 to £1,110.

 

Harriott commented: “Despite the number of tenancy deposits protected increasing by over 300% in the last ten years, the rates of disputes have remained regularly below 1%. That means the overwhelming majority of tenancies end in agreement between the tenant and the landlord or letting agent about how the deposit is awarded.



“It’s unsurprising to see cleaning remain as the number one reason for disputes due to its subjectivity – what might seem clean to one party could be viewed differently by another.



“It’s vitally important to us that we have the trust of everyone in the private rented sector and transparency is central to this.”

 

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