Whilst taking a security deposit in London the amount is generally six weeks however in the event that a tenant with Pets for example was going to move into your house you can ask for an 8 week security deposit.
1) Make sure Deposit payment is cleared within the 30 days once received the deposit funds.
2) At the moment if you do not protect the deposit on time or fail to give the prescribed information then you could be charged with a penalty up to three times the deposit amount & may have to pay legal costs at a court hearing.
3) Guards Real Estate property Advisors & Property Managers can organise this registration on your behalf to save the hassle.
Want to know more?
Please complete the contact form here or alternatively, call 020 3633 1271 and a member of our team will contact you.