Landlord Tenant

What Is Your Landlord Doing With Your Rent Deposit?

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What is a rent deposit?
A rent deposit should be a sum of finance passed by a tenant to a landlord at the beginning of a lease as security for payment of rent.

Rent deposits for residential premises are now secured by regulations. A landlord must connect with a Tenancy Deposit Scheme and failure to obey with the regulations entitles the tenant to sue for compensation equal to three times the value of the rent deposit. Continue reading…

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Uses of Your Rent Deposit by Landlords

Rent Deposit! In the simplest form a rent deposit should be a sum of money handed over by a tenant to a landlord at the start of a lease as security for payment of rent. Rent deposits for residential premises are now protected by regulations, but for commercial purposes it is not protected by such regulations. A landlord must join a Tenancy Deposit Scheme and failure to comply with the regulations entitles the tenant to sue for compensation equal to three times the value of the rent deposit. Continue reading…

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