Two Types Of Deposits In UK
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What are the two types of deposits in the UK?
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Hey Tara!
The two types of deposits are –
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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.
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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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