No deposit - just curious!

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    No deposit - just curious!

    Hi again members,

    I ask as a tenant what happens, if anything, in a tenancy where no deposit/bond is put down?

    I mean there was a deposit paid orginally to letting agents prior to move in but the landlord (who was really not meant to end up as a private landlord! openly introduced himself on the very first move in day even though there was knowingly problems and asked me not to contact the agent there after I didn't really have a say and even when I approached the LA they were not that interested as 'managing agents') he allowed the deposit back mid tenancy when he got rid of and dismissed the agency and I started paying LL my rent payments directly since

    I've been thinking about this for a while and guess I just wonder if there were any consequences of no deposit? have I compromised myself? I think I've read somewhere that eg. an S21 can't be served? I would hope there isn't any bother for either party.

    Thanks for reading

    #2
    No, nothing to worry about. Tenancies do not require a deposit but it is usual to for the landlord to request one.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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      #3
      A deposit is a sum retained against any damage found to be caused by a tenant at the end of the tenancy to pay for such damage to be rectified. These days there are safeguards to ensure that such deductions from a deposit held for this purpose are fair and reasonable and the remaining deposit is refunded to the tenant at the end of the tenancy.
      The fact that your landlord refunded your deposit half way through your tenancy means that he will have more difficulty obtaining compensation if you have damaged his property in some way while you were resident so, to an extent, he has "shot himself in the foot". In no way will it prevent him using a section 21 order to regain possession of his property if he decides to do so.

      P.P.
      Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

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        #4
        Thank you

        Thank you all for replies, I can assure you I have no intention of knowingly damaging something that I consider "home" for the time being, I don't like moving into dumps so I wouldn't put anyone else through it it is all too depressing believe me, I now actually feel obliged to stick with the property - pity there isn't a deposit protection idea against landlords that receive rent entirely with absolutely no problems throughout tenancies that do not put anything into properties or maintain them during which but I do get that LL is not a charity while by the same token frustratingly feel sad when you see properties ruined by this.
        Last edited by Paint it in gold; 19-01-2011, 10:32 AM. Reason: .

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