Be quid’s in: Our guide to getting your rental deposit back

Rental deposits can sometimes feel like a distant treasure, and ensuring you get yours back is like finding the “X” on the map. But fear not, we’re here to steer you toward that treasure chest of yours!

When can landlords keep deposits?
The tenancy deposit is technically your money. Your landlord or lettings agency should refund it in full at the end of your tenancy unless they have a reason to make deductions. As a tenant, you should return the property in a similar state to when you moved in. Of course, some wear and tear is to be expected and things like worn flooring and frayed carpets, faded curtains or furniture and small scuffs on the walls all fall under the category of fair wear and tear. Your landlord is not entitled to keeping any part of your deposit for damage caused by fair wear and tear.

However, there are some pretty of common reasons landlords withhold deposits. If you’ve left the tenancy in an appalling state or have left unfinished or botched DIY projects, your deposit might be reduced. Accidental property damages or items missing form the inventory can also result in less deposit returned to you. If you have any rent arrears or have neglected the property and caused damage as a result, your deposit could be reduced or withheld. These pitfalls are easy to avoid, and we’ll show you how to dodge them.

The quest for your deposit: dos and don’ts

To win back your deposit, you need to play it smart. Here’s your treasure map:

1. Cleanliness is next to deposit-iness
Cleaning might seem mundane, but it’s your secret weapon. Nearly 90% of agents say cleanliness disputes are the culprit. Don’t procrastinate; make cleanliness a habit. Regular Hoovering and dusting will save you from last-minute cleaning marathons. Remember, a tidy ship is a happy ship!

2. Be a responsible tenant
Tenants often lose their deposit because they neglect their responsibilities. Live in a tenant-like manner, which means maintaining the property. Change those light bulbs and tend to the garden. Neglecting these tasks can cost you your treasure, so don’t be caught off-guard.

3. Repair what you wrecked
Mistakes happen, but it’s your responsibility to fix them. Even a tiny nail hole can be seen as damage by your landlord. Prevent damage whenever possible, and if it does occur, make repairs promptly. Document the property’s condition with photos at the beginning of your tenancy to use as a reference.

4. Beat condensation monsters
Condensation build-up can quickly sink your deposit ship. Fight back with heat and ventilation. Keep a consistent temperature and regularly open windows to let moist air escape. Remember, if you see condensation on the windows, it’s lurking elsewhere too. Prevent mould and window frame damage to protect your deposit.

5. Honesty is golden
Accidents are inevitable. When they happen, honesty is your best compass. Inform your landlord or letting agent immediately. They’re there to help both parties. Most landlords are understanding and appreciate straightforward communication. A quick phone call can save your deposit and your peace of mind.

6. Keep the financial ship afloat
Unpaid rent can torpedo your deposit return. Clear all arrears before seeking your treasure. If financial trouble strikes, talk to your landlord. Honesty about your circumstances can go a long way. Communication is key to avoiding a financial shipwreck.

Claim your treasure!
With these guidelines, recovering your rental deposit is smooth sailing.

Don’t forget, a traditional rental deposit may not be right for you. At Three Sixty Living, we offer some alternatives. Ask us about Zero Deposit Companies, who offer an alternative to paying a full cash deposit and also about the Reposit scheme, too!