Once you have decided on a property, you will need to pay an ‘advance deposit’ usually equivalent to two weeks rent. Assuming that the tenancy goes ahead, this will be added to your overall deposit and returned to you at the end of the tenancy. If the landlord declines to grant the tenancy, it will be refunded less to you. However the deposit will be forfeited if you decide not to proceed for any reason, or if you fail to provide complete and accurate information in your application.
A security deposit of a minimum of one month’s rent will normally be required. The deposit is held to cover damage, breakages, and any other liabilities under the terms of your tenancy agreement. Please note that under no circumstances can the deposit be used by the tenant to cover rent. This will be returned to you, less any deductions, at the end of the tenancy.
Your deposit will be held by a government approved third party. We use Safe Deposits Scotland. One the lease has been signed, your deposit monies will be tansferred to Safe Deposits Scotland. You will receive confirmation of this from them. At the end of the tenancy your deposit or the balance thereof will be returned to you from Safe Deposits Scotland.