HMO's & deposit schemes when one or more vacate
What issues with Deposits do Landlords experience with a joint & several tenancy when one, or more, need to leave a HMO property mid way through the contract. They of course obviously want their individually paid deposits back [ even if they are breaching the contract by leaving]. A small sum cannot compensate for months of lost rent & or, damage done.
Do I remind them to contact the custodial scheme for advice, cut my losses & re-advertise pdq?
Can colleagues recommend a scheme that's better than another for a HMO scenario where 3 or 4 students, share a house until one or two need to vacate..
What pitfalls DPS wise have colleagues come across when 3 share rent & bills but pay deposits separately - & often on different dates?
No prob if they do everything[arriving & vacating] in unison, no doubt.
Many thanks in anticipation of replies & Seasons Greetings.
Want to read more?
This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.