You have your House and your contract checked. What else do you need to consider?

1. What type of deposit is your enquiry about?

It’s important that you understand there are two main different types of deposit:

  • Security Deposit: your payment (held under a recognised scheme) to protect your landlord from potential costs or unpaid bills when you move out.
  • Holding Deposit: this is different to Security Deposit, as it is sometimes charged by landlords prior to you signing an agreement as a guarantee that you will take the house.

2. What does your landlord have to do?

The most important thing is to know your rights. Your landlord must:

  • Protect your deposit with a government-backed scheme provide you with
  • Information about the scheme used

They must do this within 30 days of receiving your deposit. Making sure your deposit is protected in this way is the best way of getting your money back at the end of the tenancy.

3. What should you do?

Help ensure the return of your deposit by making sure you have an inventory and photographs as evidence of the condition of the property when you moved in.