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deposit


superdry

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I have taken over from the letting agent. Ten Agreement signed etc and the deposit should be paid over to me soon.

However do I need to put this somewhere specific, ie seperate bank account, or can I just give a recipt for this amount and give back at the end of the tenancy (should eveything be ok)

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I think it best to put whole tenant business including their deposit into separate account (e.g.building society). That way you can produce a statement in case of dispute, without disclosing your other affairs.

I think this is part 1 of my answer to SMILE! (qv)

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