What is a Tenancy Deposit?

A tenancy deposit is used to cover the cost of damage that might incur during the tenancy. The detailed inventory produced at the beginning of the tenancy is used in conjunction with subsequent inspection reports and will be used to assess whether deductions from the deposit are necessary. Deductions are used to cover the cost…

Why is an inventory prepared?

Before you move in Elevation (or the Landlord) will have had an inventory prepared. This document, describes the condition of the property and anything left behind by the landlord. By both parties agreeing that the inventory is correct at the start of the tenancy, any risk of disputes at the end of the tenancy will…