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Sign upGuide to Deposits
What is a deposit actually for?
The deposit is paid by the tenant, as security for his obligations under the tenancy agreement. These obligations include payment of rent, replacement of damaged items or rectification of any damage caused to the property.
How much should the deposit be for?
With an Assured Shorthold Tenancy the deposit is normally 4 - 6 weeks or equal to 1 or 1.5 months rent.
Where can I find out more details on tenancy deposit schemes?
The Dispute Service website contains a lot of information on the tenancy deposit scheme. Click here to visit their site.