inc VAT). It is normal practice for a “The Landlord” or letting agent to take a deposit from their “The Tenant” to safeguard against potential breaches of the tenancy agreement for things like failure to pay rent or damage to the property. When you take a deposit from your tenant on an Assured Shorthold Tenancy (AST) in England and Wales you will need to do the following within 30 calendar days of receiving the deposit:
Appears in 2 contracts
Sources: Property Management Agency Agreement, Property Management Agency Agreement