We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Moving rented house - what about the deposit?
blondie4281
Posts: 60 Forumite
My hubby and I rent a property. Our landlord has let us know that come the end of our tenancy he will not be extending the lease as wants to move back in himself. How does the deposit thing work? Obviously we paid a deposit for this place, but we don't have a deposit for our next place, til will get out first deposit back. But surely we won't get it back in advance, when we need to pay the deposit on the next one! How on earth do people do it?!
0
Comments
-
As you've indicated, a deposit is retained until after the tenants have left and a new deposit (and the first month's rent usually) is paid for the next property in advance of moving in.
For tenants on low income, some local councils operate a deposit guarantee scheme for those struggling to come up with a deposit. For tenants in employment, they simply have to save or borrow.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards