What constitutes a tenancy deposit?

November 3, 2014

What constitutes a tenancy deposit?

From 6 April 2007, new regulations controlling the holding of tenancy deposits came into force, as laid down by the Housing Act 2004. A deposit is any sum paid by a tenant as a surety against his failure to pay the rent or to breach any other term of his tenancy – often referred to as a ‘bond’ or ‘dilapidation deposit’.

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