What is the usual deposit required on renting a £1200 a month flat?
Asked on Apr 26 2012,
Renting in London |
The usual deposit would be 1 months rent so you would pay £1200 rent in advance and the deposit would be £1200 also.
Answered on Apr 26 2012,
The usual deposit is 1 months rent, looking at agents some also charge x1 month rent + £100.
Answered on May 2 2012,
It depends on the agency and the landlord. Some will charge one months rent as a deposit, but many in London will actually charge six weeks as a security deposit. So it is worth budgeting for six weeks deposit. In the case of a 1200pcm rent you would be looking at roughly 1660.00 as a security deposit. Also as outlined previously your first months rent needs to be paid in advance before your move in date.On the deposit : it is worth remembering that as long as you take care of the property, you should get your deposit back at the end of your tenancy. The deposit is held in accordance with one of three government approved deposit schemes - please see the link below. Good luck find your new property!
Web reference: http://www.direct.gov.uk/en/HomeAndCommunity/Privaterenti...
Answered on May 3 2012,
The usual deposit would be the amount of 1 months rent so for this instance £1200 however this may change depending on agents so it would be best to check with the agent or landlord first.
Answered on Sep 26 2013,
Didn't find what you were looking for? Ask a question
More Renting in London questions on AskMe
See more AskMe Q&A about Renting