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!

Renewal rental agreement, another deposit required?

I'm asking this on behalf of my Son. He's been in his flat for a year and is happy with it and wants to stay so told the landlord can he renew. He's got his renewal docs through and in it its asking for another deposit... he's not had the previous one back....  I've not rented for years so not sure if this is normal???  I'm guesisng they have given him a 'new' contract rather than renewal but just wanted to check.... thanks

rob

Comments

  • theartfullodger
    theartfullodger Posts: 16,037
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Strangely son would be better off agreeing, signing and paying extra deposit.  Then "the deposit" ( original plus new ) would be over limit for deposit and I think any s21 notice invalid and him due compo for landlord/agent breaching deposit regulations of up to 3x "the deposit".

    Silly agent.  Wonder what else they got wrong.

    He didn't need to renew to stay on.  Just him carrying on in occupation continues tenancy as rolling monthly "periodic tenancy".
  • dimbo61
    dimbo61 Posts: 13,727
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    edited 15 August 2021 at 5:00PM
    Your Son does not have to pay  another deposit.
    However the Lettings Agents and /or the Landlord needs to reprotect the deposit he paid last year.
    Hopefully it's the same rent as last year ?
  • wymondham
    wymondham Posts: 6,356
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Forumite
    thanks for the speed replies...!!
  • In case he is not aware he doesn’t have to sign a new agreement to stay in the property. If he doesn’t sign the tenancy will automatically continue on a periodic basis. (Obviously might as well sign if he wants the security of a 12 month rental agreement, but if there is a chance he might move with 12 months then might want to consider rolling ) 

    As above he won’t need to pay a new deposit. 
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.8K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.