Dermot you've lost the plot with this if you don't mind my saying so. Firstly you're not allowed to take the PRTB fee or the advertising costs (and you can in any case write them off against tax) The deposit can only be used for repairs and rent. That is not what you're doing. The figures are so low I wonder why you ever even bothered.
To answer your highlighted question, Morally, I dont believe you did anything wrong.
If the tenant had any morals, they would without question pay their dues without running to the RTB. I think its sad all the same, that there you are, trusting, giving the benefit of the doubt, although its a business, yet still trying to keep the relationship on a moralistic level, that you get this type of scenario.
Absolutely agree
Then you have the, walk away and be thankful they didn't trash the place. Well why the heck should they feel they can do just that. Why have the few, who do such damage, have no fear from carrying out such actions...
That is the sad reality
Thats whats wrong, and until there is something in place to penalize bad behavior, whether its breaking a lease, (on either side) or trashing the place, we will continue to have a dysfunctional system.
You gave them the keys across without getting them to sign a lease in advance, what checking of references and background did you do? Sounds like you handed the keys over almost immediately? Foolish indeed.
. Will do that.Seriously? Pay them the money back
You don't know the story that the wife gave the RTB.
In my experience it is never wise to step back from a bully.
this thread has finally stopped all my ideas of being a landlord again...so thank you all
Pat
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