Affiliated with

Follow us on:

Hot List

0 Properties Added

Save Clear
Billing Better
Enquiry List

0 Properties Added

Send Clear
Lock & Leave Self Storage
Links

LIVE Statistics
Bedsit
2
Properties
Flat
50
Properties
House
468
Properties
Studio
8
Properties


ALL YOU NEED TO KNOW ABOUT TENANCY DEPOSITS

Many private landlord and letting agents will ask you to pay a tenancy deposit. The tenancy deposit will often amount to around one month's worth of rent. It is important to be clear at the outset whether you are paying a tenancy deposit or rent in advance. This should be made clear in the tenancy agreement.

To help you understand about Tenancy Deposits, the Tenancy Deposit Scheme has produced a short video on all you need to know below.

 

WHAT IS A TENANCY DEPOSIT?

A tenancy deposit is a returnable payment taken by the landlord or agent. The tenancy deposit is taken to compensate the landlord in the event that there are any arrears on the rent at the end of the tenancy or to pay for the cost of repairing unreasonable damage or cleaning at the end of the term of the tenancy.

The deposit should not be used to cover the cost of reasonable, fair wear and tear.

 

DEPOSIT PROTECTION

 Any tenancy deposit taken in relation to Assured Shorthold Tenancies created after 6th April 2007 must be protected with a government authorised protection scheme.

The schemes protect the deposit and offer a means to resolve disputes between landlords/agents and tenants in the event of any dispute.

These are the Government authorised deposit protection schemes:

www.depositprotection.com | www.tds.gb.com | www.mydeposits.co.uk 

The landlord/letting agent must protect the deposit with an authorised scheme within 30 days of the deposit being paid to them. They must then supply you with the following information:

  • Amount of deposit
  • Address deposit relates to
  • Landlord contact details
  • Scheme name and contact details
  • Leaflet on how scheme works
  • Repayment procedure
  • Dispute procedure
  • What happens if either party cannot be contacted
  • Details if when all/part of deposit can be retained

 

WHAT IF MY LANDLORD DOES NOT PROTECT MY DEPOSIT?

 If the landlord/agent fails to protect the deposit with one of the schemes or to provide the deposit scheme details within 30 days of receiving the deposit then you can apply to the County Court for the deposit to be protected or returned to you.

Home Stamp, Kent Union, Mandela Building, University of Kent, Canterbury, CT2 7NW
Tel Main: : 01227 823214, Email: homestamp@kent.ac.uk

Copyright Studentpad Limited © 2017. All rights reserved.

Student accommodation search powered by

Please Wait...