A deposit (or ‘bond’) is always required prior to occupation. This is normally equal to 6 weeks rent. Where we are managing the property this deposit will be held by us, held in a tenancy deposit account and covered by insurance in accordance with current legislation.
The deposit is held to cover any breakages, damage, rent arrears or other tenant liabilities. Where we are managing, at the end of the tenancy we will check the property in the presence of the Tenant and assess any damages and deductions due.
Please note that the deposit cannot be used by the Tenant to cover rent.