Settling deposits

Deductions from deposits are often a highly contentious area; their use and purpose is beset by misunderstandings. Key points that need to be understood before making any claim for a deduction from a deposit are the:

• role of the agent
• type of loss being compensated and
• facilities available for resolving disputes. 

This section is maintained by David Smith of JMW Solicitors LLP.

RICS standards and guidance: Letting of residential property in the private sector

RICS standards and guidance: UK residential real estate agency

Feature: Landlord and tenant: deposit disputes