[B]Deposit Return Time?[/B]

MissMoneypenny

Can the good landlords please tell me how long they wait to return a tennant's deposit ie What do you consider as reasonable time?

Do you wait to see proof that the utility bills have been paid before returning the deposit?

Thanks

MissMP

Debt_Free_Chick

What does the tenancy agreement say about the deposit?

It's normal for the deposit to be held just to cover damage/breakages, so it ought to be returned once you are satisfied that there are none.

MissMoneypenny

Debt_Free_Chick wrote:

What does the tenancy agreement say about the deposit?

It's normal for the deposit to be held just to cover damage/breakages, so it ought to be returned once you are satisfied that there are none.

Thanks for the quick reply.
There is no time mentioned in the contract, so just wondering how long landlords/EA take to return the deposits?

MissMP

prudryden

Once the check out condition report is done and agreed, It can be returned fairly promptly unless there is some outstanding negotiation on how much.

MissMoneypenny

prudryden wrote:

Once the check out condition report is done and agreed, It can be returned fairly promptly unless there is some outstanding negotiation on how much.

Thanks prudryden. How prompt? 10 working days? Or less/more?

prudryden

MissMoneypenny wrote:

Thanks prudryden. How prompt? 10 working days? Or less/more?

If there are no repairs to do, then probably a week at most. The delay would be if there are repairs to do, then one must wait for estimates etc. to determine cost. Sometimes, if agents hold the deposit, it can be delayed depending on how busy or short staffed they are, and they have to get approval from the LL, but again, a week should be fair.