You’ll need to provide us with some guarantees against payment and damages. We offer two options to make this easier for you:
A traditional deposit: This option involves paying a deposit equal to 1 month’s rent. The deposit will be held by MyDeposit. If your deposit is held for more than 182 days, you'll earn interest on it. At the end of your tenancy, you'll receive your deposit back, plus any interest earned.
Deposit replacement: This option means you don't need to pay a deposit upfront, but instead pay a one-off check-in fee equal to 1 week's rent (+VAT). You'll only pay for any damages you cause when you move out. This is provided by Flatfair No Deposit.
We will check with you which is your preferred option and answer any questions prior to issuing the contract.