The announcement by the Scottish Government that rent deposits will soon need to be protected has been welcomed by the existing deposit providers.
Despite the obvious benefit to tenants one of the deposit providers is reporting increased costs of 42% due to the sharp increase in the number of tenant disputes. This has raised the question again of insurance backed schemes which would pay the landlord up to one month of rent and would also allow the tenant to retain the deposit.
Landlord Assist would be keen to explore this possibility further and would be delighted to hear from any insurer interested in offering such a scheme to our Clients
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