When renting why do I have to pay a tenant deposit?
A tenant deposit is usually the equivalent of six weeks’ rent and it 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 and that 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 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.