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What is fair wear and tear?

fair tear wear
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What is fair wear and tear?

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The exact definition will vary from finance company to finance company. It normally means reasonable wear and tear consistent with the age and mileage of the vehicle. It will certainly exclude all damage both to the exterior and interior.

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This is a difficult Tenant FAQ. Fair wear and tear is the normal deterioration of an item in normal use. A deduction will be made for fair wear and tear from the value of the original item. There are various methods of accounting for damages to be paid. We may advise the Landlord of the amount to be compensated and the methods to calculate. However, the final amount payable is the Landlords decision. Where the damage is not too severe to require replacement, a charge can be made towards its premature future replacement. For example, cigarette burns or small stains on carpets and soft furnishings a spot charge of 20 (twenty) pounds. Mattress stains or iron burns on carpets that leave a permanent and clear mark will require replacement of the item. Protect yourself against theft and accidental damage to your possessions and landlords property. Receive an on-line quote from Endsleigh. See how much you can save on a wide range on insurance cover including Tenant Contents, Car, Travel and B

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Fair wear and tear is the normal deterioration of an item in normal use. A deduction will be made for fair wear and tear from the value of the original item. However, the final amount payable is the Landlord’s decision. Where the damage is not too severe to require replacement, a charge can be made towards its premature future replacement.

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