THE SIMPLE VERSION
The tenancy agreement should state the deposit amount, what it secures and how deductions or return are handled at the end of the tenancy.
What should you check?
Keep payment records, document the property's condition and distinguish fair wear and tear from tenant-caused damage.
Common mistake
A deposit is not automatically the final month's rent unless the landlord agrees and the tenancy terms allow it.
What should you do next?
Read the exact wording in your signed tenancy agreement and keep the relevant messages, receipts, photos or documents. If both parties agree to vary something, record the agreement clearly in writing.
This guide provides general information and is not legal advice. Contract terms and individual circumstances vary.