How is fair wera and tear calculated?
Fair wear and tear (FWT) on your property is calculated by the original age, quality and condition of any item at commencement of the tenancy. Also the average useful lifespan to value ratio (depreciation) of the item, the reasonable expected usage of such an item, the number and type of occupants in the property and the length of the tenant´s occupancy is taken into account. An independent inventory clerk is better placed to provide advice on FWT on your property. The law does not allow for “betterment”, which means that an old item does not have to be replaced with a new one. Therefore a tenant will only be expected to pay a proportion of the cost on a like for like replacement.
