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ian green
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A deposit is a way for the tenant having a stake in the propert they are going to live in. And from the Lanlords point of view security, knowing he has at least some cash to pay for damage, missed rental payments and or legal fees... a Average deposit of £1000 is peanuts to have the keys of £200k plus flat/house... Let's keep the cash deposit, as landlords have invested real money into the property so should the tenant know what it feels like to have there cash tied up also, besides If it's in the deposit protection scheme (DPS) or some other, niether Lanlords or tenant decides who gets what, as its up to the scheme judicator or judge if you had to go through the courts....commitment and a stake from the tenant in monetary terms is all we have to show they are willing,able and worthy of having the keys....keep the cash deposit...
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From: ian green
11 July 2016 13:09 PM