When renting why do I have to pay a tenant deposit?

A tenant deposit is usually six weeks’ rent and it is required for two reasons.  First of all, the tenant’s deposit secures the property for you and makes sure it won’t be let to other tenants.  Secondly, the tenant’s security deposit guarantees to the landlord that when you move out the rented property will be left in good condition. 

We use an independent inventory company in the majority of the rented properties we let to make absolutely sure that when tenancies come to an end there is no disagreement or the process is fair. 

The Housing Act 2004 makes provision for both the protection and return of a tenant’s deposit and the resolution of disputes over the return.  We at KFH have chosen to join The Tenancy Deposit Scheme which is an insured option and every tenancy where we hold the deposit, will have the deposit protected by the scheme.

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