What it’s really like to live in a build-to-rent flat: Helen Streeton quoted in The Times
Commercial Real Estate Partner, Helen Streeton, has recently been quoted in The Times, Bricks & Mortar. The article explores the good and bad of living in a build-to-rent development and Helen comments on what happens to the security deposit if the property is damaged or left in a state of disrepair.
The article explains that a BTR landlord has 30 days to deduct the damage costs from the security deposit, and the tenant has the right to dispute this "within this time frame the deposit is placed ‘on hold’ while a third-party adjudicator makes a final decision about the amount of money to be taken off the deposit.”
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