Tenants Information
Rent and Deposit
You will be required to leave a deposit equivalent to four to six weeks rent which is held during the tenancy against the satisfactory performance by the tenant of all the various obligations under the tenancy agreement. Main issues arising to deposits are those relating to the cleanliness, damages and condition of the property.
The relevant clauses in the tenancy agreement should set out who is to hold the deposit (e.g. agent or landlord), whether interest is to be paid or not, what the deposit can be allocated for and the end of tenancy procedures and timescales for its refund.
Ideally, most agents will be signed up to the Tenancy Deposit Scheme (TDS) which means that in the event of an unresolved dispute over the allocation of the deposit, it can be referred to the scheme for a prompt, independent, third party adjudication. The adjudicator then provides a resolution which is fair to both landlord and tenant.
Rents are always paid in advance. Therefore, the date of when your tenancy commences is when your rent is due. In normal cases, if you moved into a property on the 1st of the month, then your rent will be due on the 1st of every month, unless specified in the terms of your tenancy agreement.
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