What is a tenancy deposit?

A tenancy deposit is money paid by a tenant to their landlord. It is held as security in case the tenant doesn't meet their responsibilities in the tenancy agreement. 

The deposit should be paid back to the tenant when their tenancy ends, unless they have broken terms of their agreement and incurred costs for the landlord. Common reasons for withholding money from the deposit are:

  • Cleaning
  • Damage
  • Unpaid rent
  • Redecoration
  • Gardening

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