A security deposit is required for all tenancies and is equal to one months rent plus £100. This deposit is in addition to the advanced rent payment required.

Should rent and deposit be paid by cheque we must have at least five banking days to allow for clearance. Alternatively you may pay be cash, bankers draft or debit card, if that facility is available.

The deposit acts as security for the performance of your obligations as a tenant under the tenancy agreement. This deposit will be returned to you at the end of the tenancy term without interest and subject to a deduction for damage of any other deductions that may be necessary to compensate the landlord for any breach of the tenancy agreement.

The same security deposit is required from Housing Benefit Tenants. Should the property be covered by the Bond Board and you wish to apply for a Bond, we MUST have confirmation, in writing, that this has been agreed before the tenancy can commence.

Should we need to replace items on the inventory or clean the house at the end of the tenancy, or if there has been a breach of the tenancy agreement, the return of your deposit will be delayed until all items are valued and replaced / cleaned. In any case we will aim to return your deposit within 28 working days.

Damage and breakage of the landlord’s fixtures, fittings and effects, lost inventory items etc, which occur during the period of the tenancy will incur deductions from your deposit. It is important, therefore, that you look after the property during the tenancy and take the utmost case to inspect the property and its fixtures and fittings at the outset.

This inventory / statement of condition will then form the basis of assessment of the property’s condition at the end of the tenancy term. Fair wear and tear will obviously be taken into consideration. Damages that occur will be charged to your account, as will invoices from contractors employed to undertake necessary repairs of replace any items.

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