Both landlords and tenants are split on the effectiveness
of new insurance-based tenancy deposit schemes. Research conducted by letting
agent Upad.co.uk revealed concerns from both landlords and tenants regarding
various aspects of these schemes. Specifically, landlords were concerned that
the insurance would not cover them fully for repairing any damage at the end of
the tenancy. Some tenants felt that despite sometimes having to borrow money to
pay their deposit, at least in the majority of cases they would get their
deposit back, whereas paying for the replacement insurance would see them
making payments they’d never get returned. Read more on 24housing.
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