Less than 1% of all tenancies now involve a dispute. This is according to new figures that have been released by the TDS. These statistics are published every single year and they are also put together by a variety of sources. This includes data from the FOI and even from a huge range of non-profit organisations as well. The briefing has been released and it also details the disputes across a ton of protection schemes. Over 3.7 million tenancy deposits are currently held and only 31,865 ended up in disputes. This is for the 6th year running and one of the most common sources of disputes is actually cleaning. You also have rent arrears, decorations and bad landlord services. This is especially interesting to know if you happen to work with lettings recruitment or estate agent jobs.
The report has been written by the TDS chief Steve Harriott. He revealed a ton of other insights into the broader PRS and since 2010 there has been a 26% rise in the average deposit value. The report is also seeing some seasonal variations as well. The TDS sister organisation is known as TDSNI and they have also released their own briefing. They have demonstrated that between sectors in both regions, the deposit has remained stable. This is over half the average when you look at the value for both England and Wales.
The number of tenancy deposits that are protected have increased by a significant amount over the last 10 years and the rates of disputes have also remained low. This means that there is a large majority of tenancies in agreement and that people are working together as they should be. Only time will tell if this is the case, but it is important to keep this in mind.