You will pay a security deposit/bond before you move into a property.
This deposit will be used to pay for any damage at the property or any arrears which may be due at the end of the tenancy.
The deposit will be refunded at the end of the tenancy as long as the property is returned in the same condition, apart from fair wear and tear. We use the DPS – Deposit Protection Service to protect tenants deposits.
From 6th April 2007 the government introduced the tenancy deposit scheme, which all landlords and letting agents must use as a legal requirement when taking tenants deposits. The legislation aims to ensure that tenants who have paid a deposit to a landlord or letting agent and are entitled to receive all or part of it back at the end of that tenancy, actually get it.
If your landlord is managing the property they will protect your deposit in a government approved scheme, please ask our letting specialists for further details.