Deposit And Costs
A deposit is always required prior to occupation of a property. The deposit remains the property of the tenant throughout the tenancy and it is recommended that this amount be held by the letting agent whether they are instructed to manage the property or otherwise. They will not release these funds unless you are satisfied with the check out report at the end of the tenancy. The deposit is held against dilapidation?s and would not be accepted as a rental payment, nor should it be used for any purpose other than as stated in the agreement.