Insurance News Archive
Buy to let insurance customers to be offered 'wear and tear guide'
Posted by Dan Winters
The buy to let insurance community is set to be given additional guidance on the subject of what constitutes 'reasonably acceptable' wear and tear, with one tenancy deposit firm offering a guide to help landlords.
According to industry website Residential Landlord, the guide, produced by mydeposits.co.uk, highlights the importance of communication between landlords and tenants, particularly at the start of a tenancy.
Eddie Hooker, chief executive of the firm, told the news supplier that "wear and tear is always a hot topic of debate and is very much situation dependent".
He explained that the mydeposits guide explores several different areas, from the length of the tenancy period and the occupants themselves, to examining the difference between wear and tear and actual property damage.
This comes after Mark Garner, managing director of LettingZone said last week that demand for rental property would keep increasing, meaning that rent amounts would "definitely" rise.
21 Jul 2010
