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Rental Deposit
BurnCK
Posts: 34 Forumite
My tenancy is up for renewal and I've obviously held out until today to sign it because I refused to pay any fees. I now have a query around the rental deposit though. When I first moved in I paid £850 deposit, however the maximum I can now be charged is 5 weeks, which based on my rent is approx. £685. My question is, as I'm renewing, am I entitled to the difference back? I'd rather the £165 was sat in my savings account than some deposit scheme for god knows how long. My new contract does state £850 in it still.
0
Comments
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The five-week cap also applies to renewed fixed-term tenancies, as these are essentially new tenancies. The difference should be refunded.
https://www.arla.co.uk/media/1047879/tds-deposit-cap-guide.pdf"Real knowledge is to know the extent of one's ignorance" - Confucius0
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