Occupants 'must stick to tenancy agreements' - buy to let mortgages

01 October 2008

In buy to let mortgages news, tenants have been urged to stick to rental contracts in order to ensure they receive their full deposit back.

Government-authorised protection scheme mydeposits.co.uk has warned that many occupants are losing money as a result of breaching tenancy agreements.

The organisation revealed that 12 per cent of disputes ruled in favour of the landlord or agent in July of this year, causing tenants to lose around £15,000 a month in deposits.

Chairman David Salusbury commented: "Most landlords behave fairly … but it's also incumbent on tenants to ensure they treat the property with respect and pay their rent on time."

Falling into rent arrears is one reason that landlords may be entitled to withhold deposits, the group stated.

Meanwhile, recent research from Paragon Mortgages found that students were regarded as good occupants by the majority of landlords.

Around 81 per cent said that students were punctual with payments and 90 per cent claimed that they were well-behaved during their time at a property.