A good question we get asked is ‘How much is the tenants rental deposit and where does it go?,
How much is the tenants rental deposit? It is usually 4 to 6 weeks’ rent and payable upon the signing of the Tenancy Agreement. The deposit for an Assured Shorthold Tenancy (AST) should also be registered with a tenancy deposit protection scheme within 30 days.
For ASTs Greater London Properties register with a deposit protection scheme. Therefore, leading to a faster and more efficient deposit process at the end of the tenancy.
We hope this answers your question “How much is the tenants rental deposit and where does it go?”. If you are looking to rent a property in Central London, please visit Greater London Properties, Central London’s largest independent estate agent or call us on 0207 113 1066.