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Renting Deposit
cado1
Posts: 109 Forumite
So I am currently in a rented flat and my deposit is in the tenancy deposit scheme.
My lease is up in September and I am going to look for somwhere cheaper. I have a question re deposit, I know I will get my existing deposit back when I have moved out subject to the property being left as required. If I find a new flat to move to do I need to find another lot of ££ to pay the deposit on that or is my current deposit transferable through the TDS?
I'm going to struggle to come up with the 5 weeks required if I haven't received my current deposit back ?
My lease is up in September and I am going to look for somwhere cheaper. I have a question re deposit, I know I will get my existing deposit back when I have moved out subject to the property being left as required. If I find a new flat to move to do I need to find another lot of ££ to pay the deposit on that or is my current deposit transferable through the TDS?
I'm going to struggle to come up with the 5 weeks required if I haven't received my current deposit back ?
Total Unsecured Debt at October 2018 £29,411
02/20 £ 6,374:j
02/20 £ 6,374:j
0
Comments
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You will need to find that money. Deposits are not transferable.
Between now and September there's 3 months, that's a lot of time to find the necessary funds. If necessary borrow the money and pay back with your current deposit.0
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