The two types of deposits are –
Tenancy deposit: It is the deposit that you submit to your landlord under a rental agreement. Such an agreement will ensure that you abide by all the tenancy laws and are responsible for any accidents or damages to the properties included in the housing.
Holding deposit: Holding deposit, also known as the ‘First Month’ rent payment, marks the start of your stay in the property. Moreover, every landlord is entitled to take a holding deposit along with your signature over the rental agreement and a refundable fee of $100-500 as a token.
Read about all these points in detail here: How to find off-campus student accommodation in the UK
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