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Question on deposite to rent a flat

How does deposit system work in London? Do I need to pay first-month rent + another one month rent (as a deposit)? e.g In India, if rent is 1000 PCM, then I'll have to pay 1000+1000=2000 in first month before I get the keys.

Asked on Sep 26 2018, Renting in London | Report content

Answers (1)

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  • Hello, Yes, that's generally how it works. The one month's worth of rent must be transferred into one of the following government-approved schemes: - Deposit Protection Service - MyDeposits - Tenancy Deposit Scheme Provided there are no issues when the tenancy terminates, you should be able to get this money back. Thanks, Ruban

    Web reference: https://www.gov.uk/tenancy-deposit-protection

    Answered on Sep 27 2018, Report content

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