If we have taken a pet deposit on a property prior to the tenant fee ban and the tenancy then changes from a fixed term to a new fixed term, at that stage we have to refund any excess deposit over 5 weeks rent. For example if the rent is £700, the deposit is £800 and we took a pet deposit of £150 (ie total deposit of £950), we have to refund the tenant £142.30 (£950 minus the 5 weeks deposit of £807.69). This then means that the landlord has no protection should the tenant's pet then damage the property. What can we do?
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.