Residential tenancy deposits are often a point of contention between landlords and tenants and it is not uncommon for deposit disputes to drag out for many months after a tenancy has ended. A tenancy deposit is generally held as security for the performance of a tenant’s obligations within the tenancy agreement. Should a tenant fail to adhere to their obligations, then subject to the terms of their tenancy agreement, a landlord will usually have the ability to counter any losses suffered by making deductions from the deposit held.
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