Tenants Struggle to get Deposits back from Landlords

Almost two-thirds of tenants (60%) said they have found it difficult to get their deposits returned from landlords, according to a survey by Red C who surveyed over 1,000 people over the age of 18. There’s 40% less rental space available than there was this time last year, while rents have increased by over 8% nationally, and much more in cities, according to Daft.ie.

USI is urging anyone with spare rooms to rent them out to students. As a solution to the student accommodation crisis, the Union of Students in Ireland (USI) will launch their ‘Homes for Study’ Campaign on the 2nd August outside the USI offices in Portview House, Ringsend.

As part of the Homes for Study Campaign, USI will launch their partnership with Deposify, an Irish start-up offering a deposit management service for landlords and tenants.

Press are welcome to come for interview opportunities with USI and Deposify. There will also be case studies and Students’ Union officers from around the country who will talk about their accommodation issues.

“USI is delighted to be launching its Homes for Study campaign.” Annie Hoey, USI President, said. “Last year Ireland saw many problems in the accommodation sector, but this year USI is at the forefront of finding solutions to these problems, and a deposit management service with Deposify is a perfect solution for deposit disputes, while re-launching the homes.usi.ie website will contribute to helping the student accommodation availability.”

Deposify is backed by Bank of Ireland and Delta Partners and its Founder and CEO, Jon Bayle, is a former corporate finance solicitor at Matheson law firm.

“Rental deposits cause problems for landlords and tenants.” Jon Bayle, Founder and CEO at Deposify, said.

 

“Deposify gives landlords and tenants a joint account for rental deposits, and lets them manage and control how and when deposits are paid and resolve deposit-related disputes. USI is doing much-needed work in the housing sector and Deposify is pleased to be part of this work.”

 

USI said student tenants should register at deposify.com for access.
The Union of Students in Ireland will also re-launch its website homes.usi.ie, a room rental registration website for students looking for accommodation and for landlords who can lease vacant rooms to students during the college term tax-free up to the value of €12,000 annually.

 

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