SCSI Launch New Guide to Security Deposits with PRTB, USI & Threshold

60% of renters say it is difficult to get deposits returned – RED C Poll

PRTB, SCSI, USI and Threshold publish new Guide to Security Deposits

Guide should help reduce confusion around deposit disputes – Minister Jan O’Sullivan

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Pictured at the launch of the Guide to Security Deposits are (L-R): Anne Marie Caulfield, PRTB Director; Minister Jan O’Sullivan,  Special Responsibility for Housing and Planning & Vincent Hickey, Joint-Chair of the Property & Facilities Management Professional Group Committee of the SCSI

 

Tuesday 1st July 2014: A RED C poll published by the Society of Chartered Surveyors Ireland (SCSI) has shown that 60% of renters say that it is difficult to get deposits returned from landlords in Ireland, with 36% strongly agreeing.

 

The research coincided with the launch of a new ‘A Short Guide to Security Deposits for Residential Tenancies’, published by the Society of Chartered Surveyors Ireland, the Private Residential Tenancies Board (PRTB), the Union of Students in Ireland (USI) and Threshold.

 

The guide, which was launched by Jan O’Sullivan, T.D., Minister of State with special responsibility for Housing and Planning, aims to provide guidance for both tenants and landlords. It covers industry best practice on issues including paying a security deposit, reasons why a security deposit may be withheld, checklist for the return of a security deposit and what to do if a security deposit is not returned.

 

Minister O’Sullivan praised the collaborative effort in producing the guide, noting that it was an excellent resource for those in the private rented market, providing clear guidance with regard to rights and obligations in respect of deposits.

 

 

The Minister highlighted work on the introduction of a deposit protection scheme, saying that “the scheme will provide a fair, transparent solution to the issue of deposit retention, a solution that will be of benefit to both landlords and tenants.” She advised that the drafting of legislation is at an advanced stage and is expected to come before the Oireachtas shortly.

 

Vincent Hickey, incoming Chairman of the SCSI Property & Facilities Management Professional group said “The private rented sector almost doubled in size between 2006 and 2011 and approximately 1 in 5 households in the country are now renting private properties and it is very important to ensure that people renting are fully informed in relation to their rights and responsibilities in this growing sector”.

 

Bob Jordan, CEO of Threshold said “the issue of tenancy deposits is the main cause of disputes between tenants and landlords. This guide will help to raise awareness of the rights and obligations of both parties. We welcome the publication of this guide and also look forward to the introduction of a deposit protection scheme which will help solve this problem”.

 

The Short Guide to Security Deposits for Private Residential tenancies is available for free download from each of the stakeholder websites www.scsi.ie, www.prtb.ie, www.usi.ie and www.threshold.ie

 

ENDS

 

Notes to editor:

RED C interviewed a random representative sample of 1004 people aged 18+ nationwide by telephone between November 4th – 6th 2013.