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Deposits and Rent
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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.
Previous [ Getting Started ] / Next [ Deductions From The Deposit ]
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