We dont take a bond? Is this legal?

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S
Shale
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We operate HMO,s and a lot of the tenants we have would struggle to come up with a full bond of 2 or even 1 months rent. In the past when we did take bonds, the tenants would usually ensure they got it back by refusing to pay us for the last month they lived in the house, so we have normally seen them as a waste of time.

Therefore what we do now, is we take an admin fee instead which is equal to 2 weeks rent and is not refundable. It is usually around 200 and covers us for having the room redecorated and carpets cleaned when they leave.

However we have recently had a spate of tenants who have left their rooms in a badly damaged condition and it has taken more than 200 for us to fix whatever they have done. So we are out of pocket in some case.

I am now trying to convince my partner to sign up to a bond scheme as maybe they would respect the room more.

However he is still convinced that a) none of our tenants could find 1 or 2 months rent as a bond up front and we would have empty rooms and b) they would still refuse to pay us the last months rent as this was what used to happen in many cases when we did take bonds.

Are we operating legally by not taking bonds?

24/12/2010 00:00

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