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What are the security deposit limitations?

I'm planning to relocate soon, hopefully, but the few landlords I contacted required a sum that felt way overpriced, so I would like to ask if there are any legal limitations to how much such a housing deposit can be? Tried googling but got overwhelmed.

Asked on Sep 18 2017, Renting in London | Report content

Answers (2)

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  • Technically there is no limitation, however, I believe that if you pay anything over three months rent there are complications introduced for the Landlord. This isn't something I often come across in the area that I cover, so hopefully somebody else will be able to answer in more detail soon.

    Answered on Sep 21 2017, Report content
  • Hi Johnna, I agree with Lee - anything over three months is not a fair demand. Some landlords may be charging such a high amount to "filter out" certain types of people but I would say persevere and something will come your way where the charges are not so extortionate. If you are having difficulty, feel free to drop another message on here.

    Answered on Sep 23 2017, Report content

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