A holding deposit is often mixed up with tenancy deposit, but they are two different payments serving different functions. Here we look at what holding deposit means, things you should know before paying; and answer the most important question - will you get it back?
From 1st June, on existing tenancies that are renewed, landlords will need to return any deposit amount held that exceeds the new 5-week deposit cap. We have partnered with Zero Deposit to bring landlords a smarter deposit solution.
What deductions is the landlord able to make from the deposit at the end of the tenancy? Some tenants too are confused about exactly how they go about getting their deposit money back when they leave the property. We’ll try to make things a little clearer here.
If you’ve been a model tenant, your landlord is legally obliged to return your deposit. In the event that they refuse, there are a number of steps you can take to get it back.
Take a look at the requirements for landlords to fulfil their legal and safety compliances or risk losing the rights to evict their tenant with a Section 21 notice.