Rent Reduction

You are here : Member Forums Tenancy Deposits Rent Reduction
R
Rentman
23 Posts
5 Thanks

Inial rent was £3100 PCM. Due to market conditions, rent has now been reduced to £2700 PCM. We are holding 8 weeks deposit (pets allowed) basis £3100 PCM rent. Now due to reduction in rent, the tenants are asking for the excess deposit to be returned. Are the landlords obliged to return the excess deposit?
Appreciate your advice.

16/05/2018 10:40

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.

Landlord & Investment Show
Remove a Tenant
Landlord Broadband
John Pye Auctions

Share this page