Deposit protection is likely to improve relations between landlords and tenants. Such a system should have a positive impact on tenants' relationship with you. Landlords must provide proof of any damage to property, in order to keep the deposit. Some landlords abused the old system of deposits, but most homeowners are reasonable and do not charge a fee for a small amount of damage. People who have bought mortgage loans have been advised to take the lease as a guarantee of insurance coverage from the current economic situation. It is also recommended that investors should always carry out credit checks on prospective tenants, whether or not the economic downturn.
Recent data from the National Landlords Association show that 71 percent of homeowners expect rent arrears will increase next year.
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