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Tenancy Deposit


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I read this article on the following link.


The last paragraph reads

“This is the first case that has gone on appeal. The RLA has concerns about the complexity of the requirements and our advice, therefore, is not to take a tenancy deposit at all but, instead, to take two months rent in advance at the start of the tenancy.”

Does this mean the the end of one months deposit held in either the insurance scheme or free scheme, interesting...


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Taking 2 months up front means you don't take anything for the final month. Tenant leaves the property in a mess and you've no claw-back. Fundamental reason people take deposits is so that tenants have a stake and commitment in looking after the property. Take a deposit, always.

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