Protecting a deposit but with specific clauses
Tenancy Deposits

Confused Landlord
Confused Landlord
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9 Posts
10 years ago
0
Dear RLA,
I have currently a vacant property advertised to rent. A prospective tenant has asked me if it is possible for him to rent from July onwards (i.e. in three weeks).

This is possible however I would like to take a deposit to guarantee that he will honour the tenancy and occupy it from July. The last thing I want to happen is that I take the property of the market to find that he changes his mind before occupation.

The tenant has asked that on his side he would like to have any deposit left protected – which I fully understand. What happens if I take a deposit, place it in a protection scheme and he cancels the tenancy before occupation? Could I have a clause in the scheme stating that it is non-refundable in the event that the tenant cancels the tenancy before occupation?

Best Regards,

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