Deposit
A deposit is a sum of money paid by the tenant to the landlord as a guarantee against rent arrears or damage to the property or it’s contents. Landlords will usually ask for a deposit equal to fur weeks rent. If you pay a deposit it is important to get a receipt for it and keep this safe should there be any dispute about it at a later date.
It is also important to get an inventory when you move into the property detailing it’s contents and condition. Both you and the landlord should sign and date against this inventory before you move in, it may also be a good idea to take photographs.
If at the end of the tenancy there are no rent arrears or damage the landlord should rent your deposit to you. Your landlord cannot withhold your deposit for what can be considered normal wear and tear. If your landlord refuses to return your deposit please call the Housing Advice section on 0118 974 6760 for advice.
Rent in Advance
In addition to a deposit a landlord may ask for a month’s rent in advance to secure the accommodation.
Rent in Advance Loan
We have a limited amount of money available to provide interest free loans to help people living in the Borough to rent private accommodation when they are in housing need but cannot afford the amount needed to pay the rent in advance or deposit asked by most private landlords.
If you want to find out more about a Rent in Advance Loan click on the link.
