The deposit is taken via our Letting Agent at the start of every tenancy. The deposit figure is normally one months rent and will cover any malice damages.
Bound by the Housing Act 2004, landlords have to place all of the deposit in a government approved scheme. It is referred to as a government-backed tenancy deposit scheme (TDP) and your rent must be placed into a TDP within 30 days after receiving it. If they do not the landlord can be prosecuted.
The TDP is protected for both the landlord and tenant and if you do not damage the property and pay your rent on time and in full, you will get the deposit back at the end of the tenancy.
