Unusual Deposit Arrangement | The Tenants' Voice
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Unusual Deposit Arrangement

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34 views 2 replies latest reply: 26 June 2017
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Tenant

I am a lodger with other lodgers, and have a live in landlord.

When I first moved in I paid a deposit and one month’s rent.

I was told that the deposit would not be returned, but would be used as rent for the final month once I handed in my notice.

I have nothing in writing regarding the deposit, only a receipt for the deposit and rent (paid in cash). I am wondering if I should ask the landlord to sign a note making it clear that the deposit will not be retured, but will be used to cover the final month’s rent.

Or should I leave things as they are.

What do you think?

Thanks

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Tenant

Hello, 

Since you have a receipt for the deposit being paid, you can just leave things as they are. 

The final month will be deducted from the deposit and you go your separate ways. This is a somewhat common practice, when there is no damage or any property issues at the end of the tenancy. 

Other than that you can check some of our articles on lodgers and tenancy agreements.

http://www.thetenantsvoice.co.uk/advice_from_us/types-of-tenancy-agreements/

 

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Tenant

Thank you.

I did not know that it is common practice.

Why is this scheme used. Why not just take rent per month?

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