If you are reading this, it’s great news because you have found your ideal property with us at Belvoir Estate Agents in Haywards Heath! Before finalising your contract, it’s worth taking a closer look at the deposits required from our tenants.
If you are reading this, it’s great news because you have found your ideal property with us at Belvoir Estate Agents in Haywards Heath! Before finalising your contract, it’s worth taking a closer look at the deposits required from our tenants.
Upon moving into a rental property, you will be required to pay an upfront deposit while completing the application form. This provides landlords with assurance that you will adhere to the terms of your tenancy. The deposit remains your property and is securely held by the landlord or letting agent in a tenancy deposit scheme.
At the conclusion of tenancies, landlords are obligated to return your deposit if the tenancies have proceeded smoothly. However, they can claim deductions if they believe there has been a breach of the terms outlined in your contract/tenancy agreement or if there are complaints regarding damage to furniture, fixtures, or fittings.
How To Prevent Tenancy Disputes As Tenants:
If you withdraw from the transaction after making a formal offer, you forfeit your holding deposit. However, if the landlord withdraws or does not accept, you receive your money back in full.
Scenarios To Avoid To Protect Your Deposit: