A growing number of tenants in the build-to-rent (BTR) sector are using deposit alternative products as many opt to invest a lump sum instead of locking it away in a traditional cash scheme.
The areas where landlords face the most challenges with deposits have been revealed, with Oxford leading the way.
PropTech firm Rentals United aims to disrupt the short-let market with a property damage protection service paid for by a small nightly fee.
The average rent arrears claim climbed to £2,064 in the third quarter of this year, a 22% rise on the same period last year.
Kind-hearted mydeposits customers have donated more than £66,000 of interest earned on their deposits to the Centrepoint charity.
The number of people renting homes by themselves has reduced significantly over the past three years as the cost-of-living crisis has hit many renters’ pockets, new research reveals.
Just over half of tenants surveyed about the cost of living want their rent to include all their utility bills, it has been revealed.
Ignorance and bad practice around these legitimate deposits is creating one of the biggest areas of illegal activity in the PRS.
A judge has opened the door to higher compensation being paid by landlords if they fail to protect their tenants’ rental deposits within one of the official schemes.
