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Tenancy agreement renewal:: new deposit?

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322 views 1 replies latest reply: 17 January 2017
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Tenant

Hi,

I’m about to renew my current tenancy agreement, after 1 year. During this period the lettings agency that handled this since the beginning has been acquired by another wider agency.

I’m happy to renew the tenancy agreement and so is the landlord. Unfortunately, the agency seems to want to charge a new deposit for the same house. This doesn’t make sense to me because I’m not renting a new house. 

But I don’t really know how these things work, so I’d really appreciate your guidance on this.

thanks!

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Tenant

Hello, 

There is no logic in asking for a new deposit. First of all, the deposit goes with the landlord, or a deposit protection scheme. The letting agent cannot keep the money in either case. 

Second, when renewing the contract, the terms remain the same. You’ve presumably already paid a deposit, which should reside with a deposit protection scheme. There is no need for a new deposit. 

The only thing that the letting agent may ask for is an admin fee to cover the paperwork of renewing the term with another one.

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