Tenancy Deposit Scheme Overview Sample Contracts
Tenancy Deposit Schemes – An Overview What is a tenancy deposit?Tenancy Deposit Scheme Overview • June 20th, 2012
A tenancy deposit is a sum of money which a landlord may ask a tenant to pay at the start of a tenancy, and which must not amount to more than two months rent. The landlord holds the money as security against the tenant not meeting their obligations in connection with a tenancy or occupancy arrangement. The tenancy agreement should set out the circumstances in which the deposit may be withheld by the landlord at the end of the tenancy. For example, the landlord may decide to keep some or all of a deposit if it is needed to pay for: