I have posted this in chat also ...
My DS is in a dispute with his old LL regarding the return of his deposit..
Yes, 3 of the tenants paid the rent late and 2 didn't pay at all.They were wrong not to pay but he is a nightmare LL and my DS had to call the police on him on 1 occasion ,so there is friction .
He is going to charge them £40 each for cleaning etc which I thought was reasonable- there are 5 of them -But he has also said he will charge them 3% a day for late rent.
So ....deposit £400,rent paid on 15th £310,(due on 1st ) He has charged £120 for late rent,and £40 cleaning for 3 of them,so getting back £238
The other 2,no late charge at all,just £40 for cleaning and they will get back £50 each as he said he would take their rent out of the deposit !
Anyway my question is .... Does 3% a day sound a lot ... It is in the tenancy agreement they all signed. They are going to dispute this with TDS . They are all students.