The national deposits regulator is urging landlords to get the necessary home insuranceafter research revealed the cost of damage caused by tenants. According to The Deposit Protection Service (The DPS), landlords can be exposed to the cost of cleaning up after tenants who show little regard for a property.
Figures show 40% of DPS disputes between landlords and tenants occur in the South East of England, making it even more important for these landlords to arrange suitable buildings insurance to cover mishaps from flooding to fire.
Half of disputes in the South East were the result of tenants damaging the property, with 36% due to the property not being cleaned.
Results show cities which are popular with students are also likely to have a number of disputes. Most disputes happened in London, followed by Bristol, Manchester, Newcastle upon Tyne and York.
Kevin Firth, director of The DPS, said: "Exasperated landlords have sent us all sorts of complaints about tenants. One landlord discovered that his property was being used as a brothel."
Source: Landlords Urged To Protect Lettings
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